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TraderEugene_

MGA - ascending triangle formation. 100.00 breakout

Long
Magna International, Inc. (NYSE:MGA)  
TraderEugene_ Updated   
NYSE:MGA   Magna International, Inc.
Triangle Chart Patterns Moving Averages trading tradingsignals tradingstrategy LONG buy buysetup buysignal tradingeducation
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triangle chartpattern movingaverage trading tradingsignals tradingstrategy long buy buysetup buysignal tradingeducation
Nice looking technical formation. Breakout + Volume increases. Holding 20MA and 50MA.
Stop Loss 96.00, may consider to cut some loses if it drops under 100.00.
Take profit 110 - 115.
Trade closed manually:
Position closed -2.4%. Do not like the price action.
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