MGY triple top or ascending triangle?

Two scenarios can play out here, more than likely ( bullish scenario) plays out

1. (green line) we blast through 6.48 and we reach $7-8+
2. (red line) we test 6.48 and reject... test 5.47 or 4.65 then BOUNCE BOUNCE!
Trade active: broke right out, hell yea! short term target: $8... planes are flying and they need FUEL! lets GOOO!!!
Comment: Oil has great news everywhere! eyeing the break of 7.88... more than likely will happen next week, not expecting any big pullbacks yet.
Trade closed: target reached: I sold all my shares at 7.30-7.50 premarket on Monday I believe, it was clear MGY OXY and airlines were all facing rejection!
Comment: Looks like uptrend is still ongoing.. looking for a breakdown soon!


Forming a head and shoulder pattern. This might drop a bit
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out