On previous reports we've been calling the return of the bulls. By looking at the Roundhill Magnificent Seven ETF $MAGS indeed look's like bulls are back based purely on market structure. We've made a lower high followed by a new higher high signaling that a trend continuation towards $49-$50 is on the way.

On the other hand, with all the war news going on and the fact that retraces are COMPLETELY NORMAL in all markets, be aware that a retrace might still be in play before further upside. That being said, lets dive into each of the tech stocks and analyze any possible opportunities to capitalize on the market.

✅+24% run so far. Most profit have been taken and we are currently sitting at a key level. Here either price respects the lows for further bullish momentum or we break below and we'll completely exit this trade. Any bystanders wanting to jump in this it the best risk reward area, market long, stop at previous lows and target toward the $130's.

Tesla (TSLA) - bullish 

✅+26% run here. Completely out of this trade but any retrace toward low $230's - $220's is a re entry long opportunity.

Amazon.com (AMZN) - bullish   

Our entry got hit and stop loss have been adjusted to the most recent low of $183. We need to see a strong price move above $190 or we'll be sweep off this trade.

WATCHOUT, we're getting closer to our ideal entry point! It doesn't get simpler than this. Price took liquidity off the lows, then it made a higher low followed by a higher high. What's next? you are right! another higher low followed by a higher high

Entry $415
Target high $460's
Stop $400

Last week's weekly close showed some uncertainty. Not jumping onto this one at current prices, I'll keep waiting for a retrace or any lower timeframe confirmation.

Looks like bulls might be back. A bit of an aggressive trade but long on a retrace toward low $160's with tight stop at $160.

Too much playing with this one. Won't be touching it until we break above $233 or until we get a bigger retrace.

Previous report HERE:

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Mag7 Tech Stocks - Edition #15

Bulls are back indeed. Last weekly close of the Roundhill Magnificent Seven ETF $MAGS had another bullish engulfing bar now making a new higher high. So what’s next? A short term retrace toward $44’s as previously mentioned is still in play, this will be the ideal moment to re-position ourselves

Zelf TradeLuis Ricardo Guizado

](https://www.zelf.trade/mag7-tech-stocks-edition-15/)