💡 Swing setup idea
50 SMA Strategy
🔎 Analysis summary:
The Magnificent 7 ETF is showing great strength and reaching resistance. We can also see it above the 50-day moving average and closing a cup pattern. This alignment of trend, pattern and level makes the breakout area key to watch. The upside potential is projected by the depth of the cup from the breakout point.
👀 Levels to watch:
Entry trigger: Break above $71.15
Target: $81.40
Stop: Under the breakout / base of the cup
💬 Will MAGS break through resistance and continue higher? Let me know in the comments! 👇
Good luck!
⚠️ Note: This is for educational purposes only and is not financial advice.
50 SMA Strategy
🔎 Analysis summary:
The Magnificent 7 ETF is showing great strength and reaching resistance. We can also see it above the 50-day moving average and closing a cup pattern. This alignment of trend, pattern and level makes the breakout area key to watch. The upside potential is projected by the depth of the cup from the breakout point.
👀 Levels to watch:
Entry trigger: Break above $71.15
Target: $81.40
Stop: Under the breakout / base of the cup
💬 Will MAGS break through resistance and continue higher? Let me know in the comments! 👇
Good luck!
⚠️ Note: This is for educational purposes only and is not financial advice.
📈 Follow for more swing setups & market analysis!
🎯 Want my opinion on a specific stock?
Hit the link below👇
ko-fi.com/c/82990ede9f
🎯 Want my opinion on a specific stock?
Hit the link below👇
ko-fi.com/c/82990ede9f
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
📈 Follow for more swing setups & market analysis!
🎯 Want my opinion on a specific stock?
Hit the link below👇
ko-fi.com/c/82990ede9f
🎯 Want my opinion on a specific stock?
Hit the link below👇
ko-fi.com/c/82990ede9f
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.