Long
Strong uptrend for Magellan Midstream
A weekly view of MMP confirms a strong uptrend that began in December 2015. RSI is in a rising channel. I entered the trade at the black line and am using the red line as a stop. Price continuing to go higher and consolidate above the blue zone of resistance will be viewed as further confirmation of uptrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.