MRIN trade ideas
$MRIN is gonna fall todayPupm&Dump trading strategy idea.
$MRIN is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $24,28;
stop-loss — $26,27 ;
take-profit — $20,32;
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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Accumulation setupTypical formation before an aggressive move up. Green line is a thick support level, channel represents accumulation, once volume moves in expect a 100%+ run.
MRIN - pullback today, probably on range till July 6th View UT 30 min (Short term) - Range zone for some time ...
Scenario 1 - in spite of yesterday's consolidation, the trend looks still bullish, so MRIN may go up some more. Volumes growth are key.
short term, it appears risky to go for a short. - Watch out volumes trend - if volumes are up around July 6th, prices may then exceed $20.
Scenario 2 - Beware still to trade with a stop (green zone = support), the trend up was so strong that a deeper consolidation may happen
to close the gap back to 7/9 USD.
I bet on SC1, what about you ?
MRIN long again a nice 5 min opening breakouttargeting opening price of tuesday so a price above 17$ is realistic...
MRIN - big signal shortMRIN probably back to 50 or 38% fibo, big chance to see a pullback below 13.
the big red tail at the top combined with increased volume shows the signal that the ride up is over soon !
Marin Software - Instacart brough the Fire 🔥-The huge moves come less than a week after the San Francisco-based software firm announced a new integration with Instacart. Following that news, investors doubled the price of MRIN stock as trading volume surged.
-While the integration collaboration is big for Marin — allowing users to manage Instacart ads, something that enables brands to connect with customers more directly at the point of sale — there’s seemingly more going on.
-That “more” is likely the hoard of Reddit’s retail traders, in the absence of any material news regarding the company. In what’s becoming a familiar response, r/WallStreetBets social sentiment on MRIN stock is spiking this morning, as indicated on tracking website Memeberg Terminal.
Our Opinion:
Optimistically speaking, can reach R2 and start dropping from there-on back to R1.
Up 105% todayMarin Software (MRIN) said Wednesday its MarinOne ad management platform now lets users manage Instacart Ads. Lets see where this will go tomorrow.
MRIN pump and dump TrapAvoid going long on this stock, as it does this movement quite often.
As you can see it does bursts which will attract many buyers trying to catch the gain train.
Many OTC stocks and penny stocks do this to trap inexperienced buyers into FOMO.
MRIN - Increasing Relative VolumeLarger than normal RVOL can send MRIN above the SMA 200 on the daily and hit a trend line at ~2.50.
Marin software Inc Elliott wave buy opportunityBuy in the range of 2-1,8 with a stop loss of 1,66 with targets for scaling out your positions as resistances.
Commit only 2,5 or less of your capital only.
$MRINMarin Software Inc (NASDAQ:MRIN) Plenty of upside room remains. I think this stock has found support around the $1.90-$2.05 range and looks poised to post a bounce from here. I could see a 25-40% possible bounce up to $2.8 - $3 a share if it can pass the resistance at $2.20 (downtrend line). The daily MACD is in buy mode while RSI is positive. This is a liquid stock with over 600k shares in daily volume. Its 52 week high is over $5.70
Marin Software Inc (NASDAQ:MRIN)Marin Software Inc (NASDAQ:MRIN) could we be looking at the beginning of another big rally? This stock surged late in the session on Friday closing above the $2 mark on strong volume accumulation. This stock has been flying under the radar of many traders for quite some time due to Marin's integration with Amazon and deserves a look going forward. Chief Executive Officer Chris Lien highlighted the importance of Amazon as part of a digital marketing strategy in November after the announcement of the financial results for the third quarter ended September 30, 2020. I think the news is positive and the company is really starting to turn the corner. This formerly $5.7 stock now trades for $2 a share. I think the stock could rebound smartly from here. From a technical standpoint, it has a very interesting daily chart and could have a bigger move soon. The break of the next key resistance line 2.05 (Friday's high) on volume should be the next buy point. If it clears this resistance the move may be powerful. The buy signal shown in the 4h chart above was generated when MACD crossed up signal line indicating a possible uptrend in the future. Plus, it broke the major downtrend line and RSI is also above the 50% level. This chart definitely looks like a bottom chart to me. Let's see what next week brings.
