Hi. The Volatility of the Symbol MAGS has for the first time since the turn of the year lowered from a high level down to a center level.
At the same time the MACD is currently crossing its signal while below the MACD 0 value.
The price has also had steady highest lows since the start of the year.
It could be construed that the lowest highs since the spike at...
MAGS has broken the last correction with a strong impulse driven by news. I'm looking for this potential topping level on daily chart for a bigger correction. A strong breakout above the upper trendline invalidates this setup.
