By The Closet Chartist | Monday 20 January 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Magnolia Petroleum (MAGP) may be a Bulletin Board darling but it is never good news when you call up a chart and have to check that you typed in the EPIC code correctly as the share price is 50% lower than you were expecting. Unfortunately, this is what happened to the Closet Chartist to start this week as far as the latest investigation of the technical of this much followed minnow.
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