MGNI BreakoutMGNI 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
MGNI trade ideas
Top 10 2021 picks (MGNI)Expecting breakout on strong volume from IPO base to continue 5 wave trend in 2021.
MGNI nice uptrendMGNI: 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 friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com
$MGNI - C/H$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
$MGNI | A Fundamental & Technical Long$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 my view, very much in the cards. I am heavily long $MGNI (and $ROKU from my previous posts) and am looking for $MGNI to exceed $100/share by 2022.
I own shares and June $20 & $22.50 calls on $MGNI
$MGNI$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 on a tear with break above 16MGNI 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.
CTV play with large growth potentialMagnite is the largest independent sell-side platform for connected TV advertising. As ad dollars shift from traditional cable to more targetable and flexible formats, companies in this space will continue to grow. MGNI is at an attractive price and seems to have formed a base, working on the right hand of a cup shape. Entry over the marked POC is a conservative entry, one potential catalyst is the Q3 earnings report on Nov. 6th. Long-dated calls and leaps are attractive here.
MGNIhigh risk high reward play, big money/institutional interest recently spiked in this one, a quick run up to 7 would work for me, after that 9 is an obvious target, could take a few months to get there though
