$MGNI is making higher highs and higher lows as it's broken above previous resistance at $38 ahead of EARNINGS on 5/10. Lots of upside for this advertising superstar!
After a monster run, MGNI has been cooling off since February highs. A bullish move on Friday and a rotation back into small/mid-caps could kick off another impulsive move up. I am looking for a break of this downtrend line and basing over the long and short term fibs over the 40.00 area. Short term resistance will come from the VPOC in red.
MGNI following a trend and RSI AND STOCHASTIC are both moving up.
Hey guys, if we zoom out to the weekly timeframe, MGNI is showing us real strength around the 40.50$ mark, which coincides at the moment with the 20 week moving average. If the following criteria are met through to the end of the week, I see this as a great zone for accumulation. - Weekly candle has to close above 40.50$ - I would like to see the RSI diverge...
MGNI is setting up for a continuation of retracement of previous up-side move. Price targets are listed in chart.
Putting in an Adam and Eve bottom. Looks ready to retest ATH in the coming weeks.
$MGNI-The last time price was in a similar spot within this channel and near 40 RSI, it ran 10+ points within the next two weeks.
TTD crushed earnings on Feb 18th by beating eps by 60%, revenue by 9% and guided higher next quarter. MGNI provides sell-side advertising platform (ER on 24th) for possible earnings run up and same sector play. The open interest for March $60 calls is over 6000.. KBNT is another stock in the tech ad sector, but it already gapped up over 80% last week. APPS gapped...
It went up too fast. With the expectation that result will be good still expecting a little pull back to around 20 EMA here there is also a gap around $44.50 that needs to be filled. But from here it should go to $85 .786 of the Fibonacci. I am long MGNI but will wait to take full position. Please do your diligence this is just an idea.
Magnite is an independent sell-side advertising company that leverages omnichannel advertising. MGNI was formed in 2020 from the merger of Telaria and Rubicon, and now is a growing competitor in the CTV, mobile, and desktop ad space. The company has reported Q3 2020 revenues of $61M, 18% of which are attributable to the attractive CTV segment. The company is...
Bull pennant, could bust out or fill the gap. This stock has been really strong and it is extended. Would be a 1-2 day play for a small rally
$MGNI Magnite to Acquire SpotX Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced that it has entered into a definitive agreement to acquire SpotX from RTL Group for $1.17 billion in cash and stock. SpotX is one of the leading platforms shaping CTV and video advertising globally. Deal Creates Largest Independent CTV &...
Hey traders, MAGNITE is a very historic moment we can witness a new higher in its history. It is in a bearish fake dynamic with a return of issued purchase volume and a doji accompanied by a shadow of sellers. On the TIMEFRAME M1 we notice a kind of the hammer candle upside down followed by a short traces of the sellers with a return of purchase volume made, it...