Marathon Petroleum: week 9, +15.9% profit
Marathon Petroleum gains 6.5% and tightens under its highs, with early fatigue signs
Marathon Petroleum: week 9, +15.9% profit
Our view last week
Marathon Petroleum is in week 8 of a buy signal that has the trade at +8.77% since entry, with the weekly structure fully aligned and ADX above 34 confirming a solid trend, even as the Energy sector stays in a weak phase. The price is hugging its all-time high, already tested 3 times: a contested level, a direct breakout is risky. With the 2nd management window reached, the stop has moved to breakeven: trade risk is now zeroed out.
This week's summary
Marathon Petroleum gained 6.5% this week and closed into a very tight box, squeezed between support and resistance right under its all-time highs. Last week the stock was already hugging the highs; now the push continues, but volume is contracting and candle-body conviction is fading — early fatigue signs in a rally that's still holding firm. The buy signal remains up double digits since entry.
IQS Phase
78
in tension
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#58 / 129
US stocks in progress
Trade P&L %
+15.87%
from signal to today
restricted Platinum content