Continuation of the downward trend?

MAGA (TRUMP) stock recently lost a significant support level and faced a pullback. It is now testing a second support level. If this level fails to hold, a continuation of the downward trend is likely.

6/2/20241 min read

Chart showing MAGA (TRUMP) stock testing its second support level after losing a significant support
Chart showing MAGA (TRUMP) stock testing its second support level after losing a significant support

MAGA (TRUMP) stock has recently lost a significant support level and subsequently experienced a pullback. Currently, it is on the verge of testing the second support level. This situation indicates that if the second support level fails to hold, we might see a continuation of the downward trend.