MAGS is at a critical point Over the past few months, 69 has been the key resistance level suppressing MAGS. Every time it pushes up to this level, it faces selling pressure or a fake breakout to 71 before falling back. This level has been rejected 4 times already, but this time feels a bit different. The lows are consistently climbing, and the uptrend remains intact. Currently, the weekly chart has reclaimed the major moving averages, and the structure looks healthier than before. RSI hasn’t entered extreme overbought territory yet, so there’s still room for further upward movement. If it can break and hold above 69 with volume, there’s almost no significant historical resistance above. The more times it tests the upper levels, the weaker the resistance becomes, making a breakout easier. If it only breaks 69 intraday but the weekly chart closes below it again, it’s likely another fake breakout. However, if the weekly chart closes above 69 and confirms the level on a retest without breaking down, this consolidation phase is likely over, and MAGS could begin a new round of price discovery.