#MAGN
The “long-legged doji” candlestick pattern has formed on the H4 level timeframe from the support level of 37.30. This candlestick pattern points at a likely reversal. Stochastic Oscillator indicates an oversold position, and Awesome Oscillator shows a bullish divergence.
Trading recommendations:
Buy when an ascending pattern 1-2-3 is formed, where wave 1 breaks through an inclined channel.
Stop under the support level of 37.30.
Target levels: 40.44; 43.20.