Here’s a clue to where the chips are moving:
$MAGIC daily RSI: 86.5, overbought.
The indicator reaching this level suggests buying pressure has been intense lately. At this point, it’s more useful to watch whether big-money players are taking profits in stages amid the excitement than to focus on the indicator alone.
What do you think of this phase?
This is not investment advice. Trade at your own risk.
$MAGIC daily RSI: 86.5, overbought.
The indicator reaching this level suggests buying pressure has been intense lately. At this point, it’s more useful to watch whether big-money players are taking profits in stages amid the excitement than to focus on the indicator alone.
What do you think of this phase?
This is not investment advice. Trade at your own risk.