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$MGPI Forming 4+ Month #Rectangle #Chartpattern

Long
MGP Ingredients, Inc. (NASDAQ:MGPI)  
TaPlot  
NASDAQ:MGPI   MGP Ingredients, Inc.
Chart Patterns Rectangle Chart patterns classicalcharting
4
1
chartpattern rectangle chartpatterns classicalcharting
Nice trade setup forming on MGPI . A strong daily close above the 4+ months rectangle pattern will also clear the 200 MA. The stock has already cleared a weekly downtrend line indicating a possible shift in trend to the upside.
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