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vf_investment

MGY long position

Long
Magnolia Oil & Gas Corporation (NYSE:MGY)  
vf_investment  
NYSE:MGY   Magnolia Oil & Gas Corporation
Technical Indicators Chart Patterns Wave Analysis MGY Technical Analysis Bullish Pin Bar keltnerchannel Fibonacci Retracement stochasticoscillator
3
0
indicator chartpattern waveanalysis mgy technicalanalysis bullishpinbar keltnerchannel fibonacciretracement stochasticoscillator
We are expecting the price to continue the uptrend and retrace to the 78.6% Fib Zone. The Stochastic Oscillator shows the stock is oversold, which indicates a probable pull back to the upside. Also, the price is currently at the lower part of the Keltner Channel, therefore we are expecting it to bounce back and create a higher high.

Entry: 24
Invalidation: 22.92
Target: 26.99
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