May 03, 2025, 00:20 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MG

• Buy MG near 8.61 target 9.98 stop loss @ 8.59 Details

The technical summary data tells us to buy MG near 8.61 with an upside target of 9.98. This data also tells us to set a stop loss @ 8.59 to protect against excessive loss in case the stock begins to move against the trade. 8.61 is the first level of support below 9.39 , and by rule, any test of support is a buy signal. In this case, support 8.61 would be being tested, so a buy signal would exist.

• Short MG slightly under 9.98, target 8.61, stop loss @ 10.01 Details

The technical summary data is…