- The stock has short term support at 1180 / 1120 levels - 1260 is a major hurdle
if MGL manages to close above 1260 on a weekly closing basis, it might signal a breakout and the stock may head towards 1480 / 1720
Pls note, I do have a bias in this stock (this is my earlier post)
The stock has moved exactly as forecasted in the idea above. Hence you could understand my bias view, so do your own research before taking any decision.