The PEAD projected a Bullish outlook for $MGA after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
A gap from Dec 2020 was closed in trading yesterday. It would seem that asset managers are liquidating assets of companies with large manufacturing operations in Russia. Magna has 2,500 employees in Russia in 6 facilities. Russia conflict is likely to add even more supply chain constraints for auto manufacturers. I really like Magna, should the conflict in...
this is what I think of $MGA I would like to hear your guys opinions
Nice looking technical formation. Breakout + Volume increases. Holding 20MA and 50MA. Stop Loss 96.00, may consider to cut some loses if it drops under 100.00. Take profit 110 - 115.
since the original rumors regarding the Apple electric car being assembled by the canadian-owned Magna Company the company stocks have been on the rise. The expectancy went a little bit too far and a divergence in the MACD has currently formed. After a light price correction, the Price might go higher. The first Fibonacci extension was elected as point of exit for...
Magna has an impressive 63-year storied history which includes countless innovative collaborations within the auto industry. Over the six decades, Magna has developed the expansive core competencies across all components and manufacturing processes that make up the complete automobile. Not only does Magna have a manufacturing presence in 27 countries, they also...
$MGA is projected to have a slight bullish outlook after a Positive under reaction following its earnings with the PEA placing the stock in Drift A. If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Hey traders, MAGNA INTERNATIONAL is in a fake bearish configuration with a high volume of sales executed at the end of the session with a hammer bear candle. On the TIMEFRAME M1 we can see a panic, it goes in the direction of its last precedent lower. Which is also on a strong support and renogiciation for a price increase to see. Strong possibility of breaking...
Nice cup and handle with support at base. Potential run up of this stock prior to earnings, a break through the 200SMA would be a very bullish signal.
MGA: Magna International Inc. 2018-10-25 08:00:00 Magna Invests in Advanced Motion-control Software by Acquiring Haptronik GmbH
MGA is on short list because of possible monthly false breakout and correction to weekly support. On daily chart we can see selling from high and that selling pace is stronger then buying pace in to high. Idea is equal move and move to 50/100sma support area. On the 60 min time frame we can see that daily pattern but also, we can see 200sma area and it is...
Double Top. Short @ 59.40 Stop 59.90 1st. target = $58. Morgan Stanley Downgrade, Trade wars
trending up, with a retrace. small position size. and dynamic SL