(MAGX) Technical Pivots with Risk Controls

Longer Term Trading Plans for MAGX

• Buy MAGX near 38.83 target 47.26 stop loss @ 38.72 Details

The technical summary data tells us to buy MAGX near 38.83 with an upside target of 47.26. This data also tells us to set a stop loss @ 38.72 to protect against excessive loss in case the stock begins to move against the trade. 38.83 is the first level of support below 38.905 , and by rule, any test of support is a buy signal. In this case, support 38.83 is being tested, a buy signal would exist.

• Short MAGX slightly under 47.26, target 38.83, stop loss @ 47.4 Details

The technical summary data is suggesting a short of MAGX as it gets near 47.26 with a downside target of 38.83. We should have a stop loss in place at 47.4though. 47.26 is the first level of resistance above 38.905, and by rule, any test of resistance is a short signal. In this case, if resistance 47.26 is being tested, a short signal would exist.

Swing Trading Plans for MAGX

• Buy MAGX slightly over 39.35, target 40.88, Stop Loss @ 39.24 Details

If 39.35 begins to break higher, the technical summary data tells us to buy MAGX just slightly over 39.35, with an upside target of 40.88. The data also tells us to set a stop loss @ 39.24 in case the stock turns against the trade. 39.35 is the first level of resistance above 38.905, and by rule, any break above resistance is a buy signal. In this case, 39.35, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MAGX slightly near 39.35, target 38.83, Stop Loss @ 39.46. Details

The technical summary data is suggesting a short of MAGX if it tests 39.35 with a downside target of 38.83. We should have a stop loss in place at 39.46 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 39.35, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MAGX

• Buy MAGX slightly over 39.01, target 39.35, Stop Loss @ 38.92 Details

If 39.01 begins to break higher, the technical summary data tells us to buy MAGX just slightly over 39.01, with an upside target of 39.35. The data also tells us to set a stop loss @ 38.92 in case the stock turns against the trade. 39.01 is the first level of resistance above 38.905, and by rule, any break above resistance is a buy signal. In this case, 39.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MAGX slightly near 39.01, target 30.22, Stop Loss @ 39.1. Details

The technical summary data is suggesting a short of MAGX if it tests 39.01 with a downside target of 30.22. We should have a stop loss in place at 39.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 39.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Roundhill Daily 2x Long Magnificent Seven Etf (MAGX) available here: MAGX.

MAGX Ratings for June 21:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	30.22
P2	39.01	39.35	38.83
P3	40.06	40.88	47.26

AI Generated Signals for MAGX

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