$MGNI There has been a nice ascending channel setting up the last 6 weeks. Had that false breakout before earnings that was quickly brought back within the boundary. Had two nice bounces already off the lower boundary (20d MA both times, orange line). The 50d MA (teal line) continues to climb higher for an additional level of support. Today looks to be another breakout above the upper boundary. Another false breakout, or the beginning of a take-off? We'll soon find out. Long either way.
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