MGY triple top or ascending triangle?
Updated
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!
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! 
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