Look at that...DEAD ON $10.50 brick wall resistance right before earnings. If this ain't a TEXTBOOK "run in to earnings"...I dunno what is. Ran right smack dab into that brick wall of $10.50. Nice job by the market makers :)
IMO, the top is in. Mark it. MAGS has been here ($10.50) many many times before....it's nothing to get excited about.
*STILL* think it's mere "coincidence" MAGS is unable to power up past $10.50...a mark I called as the top days ago?
...TA is powerful folks...if you know how to use it. Once again, no follow through to the upside for MAGS here at brick wall resistance. Look at the daily and weekly charts and you'll see all indicators are screaming "overbought". It ain't rocket science folks, no matter how many different ways ya'll would like to spin it.
Not trying to be a "basher" of the company...only realistic on its stock price outlook for the short term. Today's action confirms top is in for MAGS at the same spot it's done it so many times before...that $10.50 major resistance zone ;)
Have a great weekend gang...you "almost" had the breakout. But "almost" doesn't count for much if your long for the short term.
Raised stops to $11.00...mm's ain't gonna shake me out of this one ;)
TEXTBOOK RUN-UP INTO EARNINGS FOR MAGS...TOMORROW, THE DUMP BEGINS. Chart is still 100% in tact for the downside. Mark it.
you keep on feeding us with your stupid analize where the resistance is? 10$ or...9$? we must know dude!!!
because we we think every word of you is gold!
you are god!
14$ this is the next target - in couple of weeks.
You're using a ONE DAY chart to find resistance levels?? Silly boy. That's okay if you're day-trading...but day-trading a thinly traded stock like MAGS is just plain silly. Since you just got stopped out on MAGS, maybe you should take your $500 and invest in some penny stocks. Just think...you could buy 50,000 shares on a 1¢ stock with your $500!!! Won't your friends be impressed!!
If you ever need some help with this TA thing-a-ma-jiggy you just let me know. Good Luck!