MAGS is neutral short-term but likely to resolve upward due to higher lows and repeated tests of resistance.
BullishHe framed it in weeks
“Stock Market & Crypto Analysis for Week Ending 8/21/26”
Brian ShannonPublished Aug 21 · 3 passages
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MAGS, let's take a look at these guys. They pulled back down to the 20-day moving average. They're having trouble with the Leo anchor. Maybe that's not such a big deal, but it's starting to turn on the shorter-term time frame. A little bit neutral in here.
You can see it's having trouble at what I had just drawn on that 30-minute time frame that this prior little uh support is acting as resistance. But, it's building higher lows under there.
It's repeating the test of it. So, we have higher lows and more repeated test of a source of supply typically resolves to the upside. So, that means, of course, that we want to look at some of the components in there.
What this channel has said about $MAGS
Brian Shannon has 2 calls on this stock; only the adjacent ones are shown.
2026-09-11Bullish
Uh MAGS is is you know showing some leadership ability in here. If you look at the weekly chart of the MAGS uh that's the monthly. So let's look at the weekly. This is really pretty bullish looking
Quote at 08:25 ›2026-08-21BullishThis one
MAGS, let's take a look at these guys.