MGL FOR LONGTERM INVESTMENT
HI TRADERS.,
1. overall MGL stock traded in sideways trend last 3 years ..,now MGL traded in bottom of the sideways zone (accumulation zone).,
2. usually big players accumulate stocks at zone areas.., once done that accumulation it will start trending
3. its for long term investment
buy at current market price target of 1250
stop below 680 weekly close basis
4.target period 6 - 8 months
1. overall MGL stock traded in sideways trend last 3 years ..,now MGL traded in bottom of the sideways zone (accumulation zone).,
2. usually big players accumulate stocks at zone areas.., once done that accumulation it will start trending
3. its for long term investment
buy at current market price target of 1250
stop below 680 weekly close basis
4.target period 6 - 8 months
Note
completely massive breakout with high volume ..,made double bottom in weekly
Note
double bottom breakout .., retest done waiting for big move upside
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