In the case of MGL stock, if there is a confirmed breakout from the ascending triangle pattern, it could indicate that there is a strong likelihood of further upward momentum in the stock. However, it is important to note that technical analysis is just one tool in the decision-making process for investing in stocks, and it should always be combined with fundamental analysis and a thorough understanding of the company's financial health and industry trends. Additionally, it is important to manage risk by setting appropriate stop-loss levels and position sizes.