$MAGIC : Open interest down, price up — 24-hour open interest fell 29.9%, while the price rose 10.42%. Open interest is valued at $13.55 million.
The rise is likely mostly due to short covering, rather than being driven by new long positions. Its staying power depends on whether fresh capital comes in. What key levels are you watching?
The rise is likely mostly due to short covering, rather than being driven by new long positions. Its staying power depends on whether fresh capital comes in. What key levels are you watching?