MGC's run into 270s, key resistance ahead

Interesting move in $MGC today, seeing it push through 270.69 and even hit 271.1 intraday. The buying has been consistent, building on yesterday's momentum. This puts it squarely into a zone I've been watching closely. We're now knocking on the door of what I see as pretty significant resistance around the 272-273 area.

My take is that if we can clear and hold above 273 with conviction, that opens up a lot more upside potential. However, a rejection from this zone, especially if we see a quick move back below 270, would suggest this was more of a short-term squeeze or re-test. The risk for me right now is a failed breakout; a strong close back under 269 would definitely make me reassess the bullish case in the immediate term. Keeping an eye on volume here as well.