Why $70 Is This Stock’s “Magic” Number

Our stock today, Seagate (STX), has tested a key resistance level at $70, a level that has proved to be an important level in the past as you can see by the line drawn on the chart below. This implies that a break through that level could lead to a run up to $75, and beyond. […] January 30, 2023 [Option Sensei] [Why $70 Is This Stock’s “Magic” Number]( Our stock today, Seagate ([STX]( has tested a key resistance level at $70, a level that has proved to be an important level in the past as you can see by the line drawn on the chart below. This implies that a break through that level could lead to a run up to $75, and beyond. These levels stand out to us as traders as there has been multiple touches of this lines throughout the past, signaling that there is a lot of activity that takes place at this level. When the price reproaches this level later on, like it is nearing today, traders can reasonably expect that there is a high likelihood that there is some significant price action that will once again take place at this spot. Traders with a plan to manage risk properly can take the long or short side of this trade, but that is likely to depend on… Continue reading at [WEALTHPOP.com]( SPONSOR [Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New ForecastÂ]( He predicted the 2020 crash a month before it happened... He predicted this year's collapse back in January... And now, he's issuing a brand-new warning - along with a unique solution. [Details here.]( Copyright © 2023 Wealthpop | All rights reserved. Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10119 [Contact]( / [Terms & Conditions]( [Click here to unsubscribe](