$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

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Plan for the future:

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Option 1 for MGNI, bullish ascending triangle first target $22 then much higher:

Option 2 H&S target $15:

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Option 1 Plays Out

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On the road to second profit zone? Probably.

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On our way to first target

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Super clean and orderly uptrend on $MGNI. Next push up should see $45-$50 and touch my first profit taking zone.

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Another Update. $MGNI hit my high target and blew through to $60. Careful of pullback to fill gap at $45 here. Incredible trade. Over 100% gains since my post on tradingview, over 450% gains from my original entry alert.