MGNI has a recent upswing, and has also formed a flag now. If it takes out the trigger price (11.53), then it has a decent chance of the trend continuation and should give atleast 1 r/r.
Looks messy but also looks like the price wants to bounce hard of the trendline from June 2018. You don't need too much cash here, the stock is very cheap and highly volatile so be aware of that. SL triggers if a weekly candle closes under the trendline.
The stock breaks through a resistance level and exits a shuffle band with supporting volume.
Starting to gather interest...
Buying - $10.3
Target - around $16
Not a recommendation, just sharing!
NASDAQ:MGNI
Another name that has showed strength when this sector has shown weakness last few days. Bodes very well for a breakout.
Upside targets 20, 28
Bear case: Gets sold hard here and dips below 12
Disclosure: Long via commons at 13.65
MGNI beat EPS and REV in a very competitive industry, pointing out that its market price is undervalued by the crowd.
The Co shows decent profitability and double-digit revenue growth. Moreover, the Co is committed to pro-active cost management - it slashes 6% of the workforce. it sounds not good, but this shows high adaption commitments.
Size your positions...
Stock has decreased significantly over the past months but has been having bursts of bullish movements alongside the overall market. Looks to have stabilized and started to increase slowly. Manage risk when entering and make sure to set a CL. Also is around the .618 retracement level which we would see if this were a wave 1 of a greater 5 wave series.
MGNI :
Despite the fact that I like the fundamentals of this company long term, the below analyses is purely based on technicals .
As you can see the chart does not look that great, with all moving averages pointing downward. And the market has not been nice recently with growth stocks .
However, I'm looking to buy a few stocks as a long term investment .
I...
This post is a combo of an elliot tutorial and an analysis from s/r.
MGNI is above an important support/resistance line. Seems like it will continue higher. The s/r I am considering was around 33.50.
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Elliot Wave condition "e" considerations (tutorial portion):
If m2 (plus one time unit) is completely retraced in the same amount of time (or less) that it...
MGNI You can clearly see we are still in the long uptrend channel (blue lines). I bought in 2019 Telaria & Rubicon before they merged into MGNI. Averaged at 5s, but scaled out profits when the red and blue lines came together in the 55-60s. Here you can clearly see how to predict tops on a weekly timeframe. Entered position again at lower uptrend blue line of the...
This one looks like it will break-out soon.
Multiple bullish signs appeared on the chart (RSI, EMA, Pivot...)
After the breakout:
>Next resistance: 39.05
>Support: 31.44
Watch out for volume, it needs to be high during the breakout
MGNI is on watch the last Tru buy signal on the WEEKLY was in October, for $6.51, the rally to the 33s then the dip to 21 was in the middle, thats where I added shares, then we ran to 64s where the algo gave a sell at 60 bucks and I took profits. This is the weekly, once I see a signal generate off the 4 hr and Daily, this will give a buy. We should be in the...
Magnite - MGNI
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About Magnite
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Magnite is a global advertising platform that automates the buying and selling of digital advertising inventory in real-time. It is the largest independent, sell-side advertising platform in the world with a focus on monetizing CTV and digital video ad campaigns.
Analyse
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Obviously MGNI rose more...
Market structure: Uptrend, price at key level support
Setup: False Break
False Break candlestick pattern: Hammer/ Bullish engulfing
price has created a bullish engulfing candle, will enter the trade on the next day open.
Stop loss: 28.10
Take profit: 60.00
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk...
Looking to the financials for setups now that we are entering the bear months, and fed has announced rates will go up.
None appeared on the scan so I defaulted to tech.
Not interested until it breaks the upper trendline.
I feel like I'm trying to pick bottoms, but I have had some success doing so. Hard to stop when it's working.
