Magnite, Inc.
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MGNI | Zoom out to spot 40.50$ support zone

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Hey guys, if we zoom out to the weekly timeframe, MGNI is showing us real strength around the 40.50$ mark, which coincides at the moment with the 20 week moving average. If the following criteria are met through to the end of the week, I see this as a great zone for accumulation.

- Weekly candle has to close above 40.50$
- I would like to see the RSI diverge slightly wrt price

For anyone trading the name i'd SL at 37$ and target ~60$ all time highs. But I prefer the name for long term.

Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)

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