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.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.