✅ 🎯 The Roundhill Magnificent 7 ETF 
MAGS has indeed reached the anticipated retrace level of low $40's, as expected and the reaction off of this level was quite bullish.
Examining the two-week chart, the price has just closed with a prominent pin or doji bar, however you want to call it, signaling a potential pivot point. Additionally, there is a bearish 2W Timemode set to expire by the end of the month, further supporting the possibility of a near-term bounce or consolidation.
This suggests that the recent downtrend may be nearing its end, at least in the short term. However, price remains below a critical resistance level of $49, meaning any upward movement should be approached cautiously as it may be a potential retest of the range high unless a decisive support/resistance flip occurs.
MAGS has indeed reached the anticipated retrace level of low $40's, as expected and the reaction off of this level was quite bullish.Examining the two-week chart, the price has just closed with a prominent pin or doji bar, however you want to call it, signaling a potential pivot point. Additionally, there is a bearish 2W Timemode set to expire by the end of the month, further supporting the possibility of a near-term bounce or consolidation.
This suggests that the recent downtrend may be nearing its end, at least in the short term. However, price remains below a critical resistance level of $49, meaning any upward movement should be approached cautiously as it may be a potential retest of the range high unless a decisive support/resistance flip occurs.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.