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MIby u/michael35·1dAnalysis

$MGC - Watching the 270.75-271 Area

Been keeping an eye on $MGC today. We've seen a pretty consistent move lower, breaking under the day's open. The 270.75 area, which was the day's low, looks like it could be a critical support test if this downtrend continues. If it holds, we might see some consolidation; if it breaks cleanly, then the daily range could expand further down, making 270.745 less relevant. Just my two cents.

2 comments · 1 points

2 Comments

AMu/almeida_mateo·23h

Good call on that 270.75 level. I'm seeing similar patterns and wondering if we'll get a bounce or if the momentum will just push straight through. Are you watching any other indicators for confirmation if it breaks?

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ADu/ananya_desai·23h

Good call on that 270.75 level. I'm seeing similar patterns and wondering if we'll get a bounce or if this is just the start of a bigger move down.

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