Stockanalysis
Magnite (MGNI), Where now?
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 than 500% last year and this year, however, it went down sufficiently this year, from 64 yearly highest high (on 09 February 2021) to today's price of around 30
We are still on MAJOR uptrend (the 500% on 2020/2021), but currently on the SECONDARY down trend.
The question, when and if it will continue the MAJOR uptrend.
There are two major support and resistance lines:
33 (Red line) as resistance line and 25.5 (Green line) as support line.
Breaking either one is a critical step to choose a direction!
Also, We have a pivot positive breakout which is an extra sign that we are heading to test the 33 price tag!
Since we are still on a down tunnel (Yellow lines) and price doesn't break the 33 price tag (Red line) we might see a regression that can reach 22.5 (Green line) and even below, so stay alert for the unexpectable.
To sum up, for current time being it seems we are heading to the 33 (red line) Price tag! If the 33 price tag will break, we'll test the 40 (Dark green line) price tag!
Final Thoughts
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Final thoughts are Positive.
The bottom line is that I believe MGNI might continue and return to its positive main trend and this will happen unless something extreme and unexpected occurs.
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Check the status of AmazonDescription :
After a strong uptrend, we are in a side market and suffering where both cows and bears are trying, but which one will win ???
From the time of hitting the bottom of the flat channel, an uptrend line is observed. If this trend line is fully maintained and continued, we may see cows winning. For now, we should pay attention to the trend line to see how the situation will continue. It is observed that if it does not prevail, we will have to wait for further reductions.
DSS BREAKOUT TO THE BELOW?For the last couple of months, it looks like price action occurs in a channel for DSS.
To be honest i do not expect for price to bounce back from lower line of the channel.
It looked like price action form an M pattern on bb which is a bearish sign.
Also the real problem is here that there is a sell off in small caps along with broader market.
DSS is not a profitable company and some part of its business model relies on crpyto.
Im bearish on DSS.
ORIENTREF CASH CHARTFINALLY, THE STOCK FROM RED HOT SECTOR IS HERE
CMP-303.05
STOP LOSS-166
TARGET-330/380/450/700.
ADD ON EVERY DIP IS ADVISABLE
HOLDING PERIOD= 8-10 MONTHS.
NFLX - STOCKS - 05. APR. 2021Welcome to our weekly trade setup ( NFLX )!
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4 HOUR
Very bullish market structure.
DAILY
Bearish fake-out with insane price action afterwards.
WEEKLY
Expecting more bullish price action.
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STOCKS SETUP
BUY NFLX
ENTRY LEVEL @ 534.71
SL @ 504.00
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Is Tesla about to see its next bull move?technically Tesla is looking good for a trade to previous high, after the sell off in all stocks a few weeks ago the market has seemed to have calmed down and seen buy pressure creating a push past previous resistance that has now become support, now we are seeing consolidation at this zone (green zone) and our upper zone (red zone). so this could be a good opportunity if we see a bullish engulfing candle on the 4 hour timeframe to place a buy with our stop loss below our lower zone of buy support and our final target at previous high, or we might just trail or stop loss giving us more profit and allowing us to ride this next bullish move on Tesla.
LLKKFJumped back in lake after some good success with this 1 last month. I think we finally get the move back up to .45c then eventually .65c. The triangle I drew is subjective so can't be sure of the accuracy. Also the fact that after breaking from the triangle top Trend line lake just sells off back into the triangle. So be c careful here if you follow my idea because I read this a few ways.
1. Lake is way oversold and the trend is ready to bounce.
2. They have some catalysts ahead this month I believe they will report the lithium mining extraction results soon (DYOR)
3. This level has been proved as strong support thus far.
4. If a breakdown happens and Lake starts to head below .21c I will exit because those lower EMAs will likely be tested in this scenario.
5. Low volume so we need buyers to move this stock so the news about their extraction will likely be the catalyst.
GL guys.
Buy $CIG - NRPicks 07 MarCia Energetica Minas Gerais-Cemig, through its subsidiaries, participates in the generation, transmission, distribution and sale of energy in Brazil. As of December 31, 2019, the company operated 80 hydroelectric, thermoelectric and wind and solar plants with an installed capacity of 6,000 MW; 4,134 km transmission lines; and 335,421 km of distribution lines.
Risk rating agency Standard & Poor's (S&P) has raised its corporate ratings for Cemig, said the increase in ratings reflects our view that Cemig has kept its credit and liquidity metrics strong amid the pandemic. The company is close to filing its earnings report on March 31.
-Value
-P/S 0.79
-P/E 8.9
-P/B 1.04
-ROE 12.30%
Technical:
-Low levels of RSI - Oversold
-Price below MA50,MA100 andMA200
-Support at $2.04
Apple Stock - Head and Shoulders formation as Investors WaryHi,
AAPL daily chart has completed the formation of Head and Shoulders pattern and it is now breached. If the price goes up in the next few days and pull back on the line, it will confirm the drop. I am in the position of selling some of the portion until the next confirmation.
The drop should be contributed by the the plan of the technology titan to produce electric cars. It is seen as a big innovation as well as big investment to the company due to its reputation as having a penchant on being a disruptive company.
The production was started as a rumor. However, as the news on the company is in discussion with several suppliers to procure the lidar technology emerged, we can assume that the rumor might become reality. For information, Lidar Technology is used in self-driving vehicles.
Happy Trading!
$AITXArtificial Intelligence Technology Solutions Inc. focuses on the delivery of artificial intelligence and robotic solutions for operational, security, and monitoring needs. The company was formerly known as On The Move Systems Corp. and changed its name to Artificial Intelligence Technology Solutions Inc. in August 2018. Artificial Intelligence Technology Solutions Inc. was founded in 2016 is based in Reno, Nevada.
$50 MILLION REGISTERED DIRECT OFFERING case study$VISL ANNOUNCES $50 MILLION REGISTERED DIRECT OFFERING PRICED AT-THE-MARKET UNDER NASDAQ RULES
$VISL today announced that it has entered into a definitive agreement with institutional investors for the purchase and sale of 18,181,820 shares of its common stock and common stock warrants to purchase up to 9,090,910 shares of common stock at a combined purchase price of $2.75 per share in a registered direct offering.
The common stock warrants will be immediately exercisable, have an exercise price of $3.25 per share and will expire five years from the date of issuance.
The closing of the offering is expected to occur on or about February 8, 2021, subject to the satisfaction of customary closing conditions.
finance.yahoo.com
ANNOUNCES CLOSING OF $50 MILLION REGISTERED DIRECT OFFERING PRICED AT-THE-MARKET UNDER NASDAQ RULES
finance.yahoo.com
What we can learn from the registered direct offerings?
PLTR Abandoned Baby SetupA classic textbook example of Abandoned Baby setup could be seen in PLTR.
Technical Analysis:
- Price is currently on a support area
- A candle has pierced through the lower bollinger band with a bullish confirmation candle on the following day
- Stochastic entered the oversold zone have started to reverse
- Strong sign of momentum via relative strength
Generally the Technology sector and Software industry are on a strong uptrend. I do believe the market psychology will bring a positive effect on this stock too.
I personally like this Abandoned Baby setup a lot due to the significant buying volume on both the "baby" candle and the confirmation candle.
However, do take note that the price action had failed to form a higher high & higher low.
Also the stock market is currently on a retracement, which might affect the setup.