Magnificent Tech Stocks
BLOOD BATH AHEAD ?? ⚠️ Caution ⚠️ Market crashes when people least expect them. We’ve been calling a temporary top since we started posting. $MAGS is still sitting at a critical point. Either we reclaim above $44 and see a bounce towards $48 ish Or MASSIVE PAIN SCENARIO we puke towards the
Magnificent Tech Stocks
Magnificent Seven ETF (MAGS) * Price had an awful close last week with a bearish engulfing candle. * Last time we saw this pattern price was able to break above previous high and continue its uptrend. WILL THIS TIME BE THE SAME?? https://www.tradingview.com/x/dlaJ4hPq/ Short Term * As we
Magnificent Tech Stocks
* The Roundhill (MAGS) ETF tracks the price of the most extensive seven tech stocks comprised of Apple, Amazon, Google, Meta, Microsoft, Nvidia and Tesla * The so-called Mag7 tech stocks have seen $1.1 trillion in value erased in a five-day stock sell-off by July 17th close, the most since the
Magnificent Tech Stocks
Short term Neutral The big giant seems to be waking up! * As mentioned in our previous newsletter, there was no point in making longs at resistance. Now what? * Price took the previous highs which is a good sign, but unless we manage to fully break above $265 we’ll remain
Magnificent Tech Stocks
Short term 🚀 Bullish 🚀 What to expect on Monday’s open? * As stated on our Edition #1 newsletter, macro remains bullish and we’ve retraced to our accumulation entry levels. * Long entries at around the $448 price mark are ideal. * If bulls are in control price shouldn't sweep below
Magnificent Tech Stocks
Short term 🚀 Bullish 🚀 * As suggested on our META Edition #1 analysis, price indeed retraced to our ideal entry level. What to expect on Monday's open? * If you haven’t jumped in already, we’d highly recommend to market buy on Monday’s open as we've closed
Magnificent Tech Stocks
Short term 🚀 Bullish 🚀 * Price seems a bit over extended with signs of a possible short term retrace. * Market structure remains bullish on a lower time frame. What now? * Entry at around $183.5 * Stop loss at $181 * First take profit at previous high * If we get stopped out of our
Magnificent Tech Stocks
Short term Neutral / Bullish 🚀 * Price is at an all time high but showing signs of weakness. * Short term, we'll add to long positions anywhere from $188 - $181. * If bulls are in control, bullish structure must remain active and previous low of $181 must be respected. * We'
Magnificent Tech Stocks
Short term Neutral / Bullish 🚀 * Bullish price action seems to be over extended with the 12h chart showing an expansive bearish candle signaling weakness and a possible short term retrace. * Any retrace to $214 - $208 price range, might be a good long opportunity. * If bulls are in control, price should
Magnificent Tech Stocks
Short Term 🚀 Bullish 🚀 * Whoever jumped in on our Edition #1 trade idea, KUDOS ✅. * Our trade idea was simple, we noticed price making a temporary bottom at around $120 mark with a huge bullish expansive bar. * Below you'll see our chart analysis from July 3rd. * We stated our ideal
Magnificent Tech Stocks
Macro Outlook: Neutral * We have been in a downtrend making lower highs since November 2021. * Finally, June's monthly close showed some strength and so far July's price action have shown bulls are in control. BATS:TSLA Chart Image by ZelfTradeTradingView Now what? * There is no point
Magnificent Tech Stocks
Macro Outlook: 🚀 Bullish 🚀 * June's monthly close was extremely bullish with a candle close above previous all time high. * Bullish trend triggered until October 31st. BATS:MSFT Chart Image by ZelfTradeTradingView What now? * Bullish momentum is on. * Any retrace from $455 - $448 * If we get a price sweep