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MGNI forms Bullish Engulfing on July 24
MGNI posted a 3.29% gain on Friday, July 24th, accompanied by 1.2× normal trading volume. Multiple bullish signals emerged — Bullish Engulfing, New Uptrend, Directional Movement Crossover Bullish & Pocket Pivot — suggesting potential strength ahead. Key support levels exist at 18.01, 17.52 & 17.12, with resistance at 18.9, 19.3 & 19.79. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of MGNI: A
There’s more where that came from. See all of today’s signals for MGNI here.
Read full article here »