Bearish Signs for MAXI, At Risk of Dropping Below Support
MAXI ETF seems like one of the more interesting ETFs to invest in. So far there has been a simple trading range along this upward channel. However, I think that there are some bearish signs for MAXI with the price failing to reach the upper range of this channel during the recent uptrend. There is still the possibility of a move up to retest this upper channel. However, right now MAXI has been trending down, and I think there is a risk of dropping below the lower range of the channel during this downtrend.
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