💡 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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
📈 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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.