After a sharp pullback from its July peak, Magma has staged a rebound from the RM0.21 level and is now consolidating near RM0.305. The stock has broken out of its steep downtrend channel and is attempting to stabilize above its immediate support at RM0.275, suggesting that selling pressure may be easing.

Momentum indicators are mixed. The MACD remains neutral, indicating no clear directional bias for now, while the RSI has recovered to 36.5 from oversold territory, showing early signs of a momentum shift. Price action is currently below the 20-day, 50-day, and 200-day EMAs, which continue to act as overhead resistance.

Technical Resistance 1 (RM) 0.33 Resistance 2 (RM) 0.38 Support 1 (RM) 0.275