EUR/JPY is making its second shoulder, it will probably go for the neckline. After breaking that neckline, a pull back might take a place and our second target will be the length of the Head-Neckline.
MG currently belongs to the Top 100 most (monthly) volatile stocks, and is so within very healthy boundaries and calculable formations. Those looking for a low risk short-trade, this is it. Smooth sailing to $10 or lower within 2-4 months.
Formation: Left-handed closing wedge (failed)