MAGS Update: Small gap-up in price put it back into the Cloud, testing down trendline resistance. Watch for a break of either blue trendlines. (The identical green candle of today's shouldn't be there...it's an anomoly.)
Just eyeballing that rally series, I could probably draw three fanlines. I'm not the first is technically valid, it's just a concept line, but it goes up about to the halfway point. The second goes to the big green candle about 3/4 the way up, and the third is your red line. And that's where it fails, roughly at the double top. 1 week 4 days ago
Here it is with the blue support trendline. 1 week 4 days ago