Today MGL RSI shows bearish divergence. Couldn't break the 1190 resistance levels. Stock was trading sideways and with a bit higher high formation but the RSI was making lower highs. This is a sign of weakness in stock. Stock is not ready to go up at this moment. One correction is still required.
Keep tracking of this stock for tomorrow [14/07/2021] as MGL looks promising to sell below 1182. Target level are marked in Green line. But don't forget to keep stop loss at 1190 level.
Trade closed: target reached
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Target hit. Hope you have took the trade and made profit.