1
MPC stock is close to the resistance mark gaining strength on the charts.
2
Buyers are gaining momentum and looking for a breakout above $140.
Marathon Petroleum Corporation (MPC stock) reversed from the support region near the round mark of $100. Moreover, the price action shows buyers have accumulated the stock price, and a vertical one-way reversal was shown on the charts. MPC stock price is trading above the significant moving averages, gaining strength, and is looking to surpass the major hurdle of $140, which, if exceeded, leads to a massive breakout toward the trajectory of $150 followed by $165.
The price action favored the bulls, who persisted in accumulating and showing their demand for the stock. In the past weeks, MPC stock kept gaining and rescuing the gains decisively and regained the bullish territory. However, an inverted hammer candlestick was formed in the last session, near the resistance mark of $140, showing a strong presence of
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