Based on the volume profile there's an area of opportunity to get a win if it breaks out of this flag.
Not a financial advice, do your DD
Bullish Pennant Pros: Descending volume during formation PPS above 50MA and 200MA ATR Ascending R/R ratio above 11 RS above 0, and ascending 200MA ascending 250RSI above 50 If confirmed, Target: PT = 46.92$
great buying pressure after the old trend channel broke,now its acting as support. still bullish hear but look for small dip entry at 23.5-24 , stop loss at 21.5 after entry and target a new 52w high at around 35. goodluck as always !
MGNI 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...
MGNI finally moved up after recent consolidation from the previous move up. MGNI can move up to 31.8, needs to hold 31.3 - above this PT1 is 32.9
Expecting breakout on strong volume from IPO base to continue 5 wave trend in 2021.
MGNI: Like TTD, Trade Desk. I just got (2) 1/15/21 expiry $30=35 strangles. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading...
$MGNI – C/H I think $MGNI is forming a cup and handle… and it just crossed it's ATH. I see a double bottom bounce and a reversal from head and shoulders to inverse head and shoulders. Let's find out! “I’m not an expert but I have watched a lot of youtube videos.” NASDAQ:MGNI
$MGNI is finally getting the recognition it deserves as the SSP in programmatic advertising. On a fundamental basis this stock trades at <10x sales, a massive discount to $TTD trading at ~40x 2021 sales. On a technical basis $MGNI is just now breaking out of a multi-year downtrend/bottoming. The potential for $MGNI to make another 100% move to $40-$50 is, in...
$MGNI Testing out this theory (4.0). Testing fib timeline tool. Could be in wave 3. RSI indicating near wave 4. “I’m not an expert but I have watched a lot of youtube videos.”
MGNI has been on an absolute tear since mid-October. Tremendous earnings report has propelled it above $16 ceiling with the stock headed to the low $20s now. Resistance at $16 on the downside. An absolutely great options play between now and January.