Right on 61.8% of Fibonacci
NYSE:MRO
MRO stopped right over 61.8% of fibonacci level. Is it gonna continue or not? It doesn't have that much of a range that make the investors interested but at this level! I'm interested now. Last 5 minutes today volume went up crazy while it was going down, 60K. Almost three times the regular volume for other 5 minutes candles. Does the last 5 minute price action and volume imply that it's time for it to go down! It could be.
I have to see tomorrow move to make a decision about it. Need to have some confirmation on top of volume. I don't see the RSI overbought nor the stochastic showing some downward momentum.
MRO stopped right over 61.8% of fibonacci level. Is it gonna continue or not? It doesn't have that much of a range that make the investors interested but at this level! I'm interested now. Last 5 minutes today volume went up crazy while it was going down, 60K. Almost three times the regular volume for other 5 minutes candles. Does the last 5 minute price action and volume imply that it's time for it to go down! It could be.
I have to see tomorrow move to make a decision about it. Need to have some confirmation on top of volume. I don't see the RSI overbought nor the stochastic showing some downward momentum.
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