MGY: Daily Breakout with strong volume

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Magnolia Oil & Gas Corporation (NYSE:MGY)

NYSE:MGY Magnolia Oil & Gas Corporation

Trend Analysis Support and Resistance Fibonacci MGY strongbreakout breakout strongvolume

trendanalysis supportandresistance fibonacci mgy strongbreakout breakout strongvolume

MGY is in strong bearish trend in the weekly time frame. However, the stock has been establishing a good base in the daily time frame. The daily breakout was accompanied by strong volume.

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