Marathon Petroleum: trade up 7.6%, but the level is contested

Marathon Petroleum is in its 5th week of a buy signal: the trade is up 7.6% from entry and the stop has been moved to breakeven, zeroing out the risk. The Indice di Qualità del Setup — IQS — stands at 54 out of 100, in an ordinary phase, with signal strength at 59 out of 100. A double bottom pattern in the 238 area is developing on the daily chart, a constructive sign, but the price is now hugging the historical highs at a heavily contested level.