Hey traders, MAGNITE is a very historic moment we can witness a new higher in its history. It is in a bearish fake dynamic with a return of issued purchase volume and a doji accompanied by a shadow of sellers. On the TIMEFRAME M1 we notice a kind of the hammer candle upside down followed by a short traces of the sellers with a return of purchase volume made, it went to test the base of the bollinger with monentum. MAGNITE will go in the direction of its highest in order to arrive on the VWAP and once that is done go to the top of the stabilization zone to check it.
Great possibility of breaking out the price with the momentum thereafter in the zone to move into a new one and make a new high. With a test to breakout the stabilization zone or go directly to check the bullish channel symbolic number of 43.00 in spycological threshold.
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