MAGNI's uptrend will benefit from NIKE's upcoming bullish QR.

MAGNI The breakout from pennant was as expected when the stock failed to close below 2.30 and as such it has breakout from the pennant but due to the political news that was rumored in the afternoon, the stock hit a stag but fret not because contrarian view still is bullish as the most recent candle did a dark cloud formation but the volume was lesser than the previous candle, from that standpoint alone any possible contra plays would be good to pick up around 2.30 - 2.35, TP: Fibo ext 100%, CL: 2.25.