In the case of MGL stock, if there is a confirmed breakout from the ascending triangle pattern, it could indicate that there is a strong likelihood of further upward momentum in the stock. However, it is important to note that technical analysis is just one tool in the decision-making process for investing in stocks, and it should always be combined with...
An ascending triangle is a chart pattern that can appear in financial markets, including in the silver market. It is formed when the price of an asset, such as silver, creates a series of higher lows that form a rising trendline, while the upper price levels remain relatively flat, forming a horizontal resistance level.
The ascending triangle pattern is generally...
