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MGNI trade ideas

MGNI: SETTING UP MY LONG ENTRYMGNI : 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 usually try to simplify my analyses as much as possible, so I avoid the unnecessary noise. By looking at the weekly chart I see an important zone that has played many times in the past. This zone is between 11.75 and 13 . This is where I'll be looking for an entry or multiple entries. I also see a small divergence between RSI and the price, supporting the fact that we could see a nice bounce (for shorter term traders). That's it! Let me know if you have comments. Trade safe!
NASDAQ:MGNILong
by Elpidaldo
Mastering elliot waves. MGNI. also s/r level.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. ---- 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 took to form and m3 is longer and more vertical than m1 and m(-1) does not share any similar price territory with m1, the market may have completed a Complex Correction at m2 with a "missing" x-wave in the middle of m0; add ":c3" to the current Structure list of m1, place a dot in the center of m0 (around the same price level m1 completed) and place "x:c3?" to the right of the dot and ":5" to the left of the dot. Do you think this consideration applies? I see that m(-1) almost shares no territory with m1 to the point where I'm willing to keep it in play. Then m3 just has to be longer and more vertical than m1, which it might do. This means that the market may have completed a complex correction at m2 with a missing x-wave in the middle of m0. You can see m0 had a hitch on the way down right at the s/r pivot level area.
NASDAQ:MGNILong
by emehoke
MGNI Bull flag on the weekly, daily looks very goodMGNI 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 channel. Will buy more if it ever hits the white line again, since I expect a rejection at the yellow downtrend line. Also clear bull flag on the weekly as well as daily looks good. Add to positions on the blue and white uptrend lines. Yellow down trend line might act as resistance for now.
NASDAQ:MGNILong
by MLinv
Magnite (MGNI), Where now? Magnite - MGNI ━━━━━━━━★ About Magnite ━━━━━━━━★ 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 ━━━━━━━━★ 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 ━━━━━━━━★ 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. Like if you Like and Follow for more stock/assets analysis.
NASDAQ:MGNILong
by dman103