MAGS: Bullish Trend Continues

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MAGS: Bullish Trend ContinuesRoundhill Magnificent Seven ETFBATS:MAGSBlaisefxacademyThe Roundhill Magnificent Seven ETF (MAGS) closed the session down 0.54% at $70.07 on October 24, 2026, amid recent tech sector focus on Nvidia's AI infrastructure demand, Microsoft's rising AI spending, Meta's planned share class structure, and upcoming earnings reports. Technical outlook: MAGS is still situated in ascending channel structure, roaming partially on higher highs and lows pattern, for a couple of months now. Price is heading down towards the trend support line, as we expect a long retracement within $68-$69. Key outline: A clear pullback around this zone, triggers a buy position to $75.41 as next potential bullish high. Thanks for reading, have a great weekend!