Magnolia Oil & Gas (MGY: NYSE)

Magnolia Oil & Gas (MGY) is an independent oil and natural gas company based in the United States. Returns on capital employed by MGY over the last five years have risen by 151%. Magnolia Oil & Gas has managed to increase its returns on capital while reducing its capital base. As more investors recognize and acknowledge these excellent numbers, its stock price could see major upside.

Several hedge funds and institutional investors have been accumulating positions in MGY. For instance, Lindbrook Capital LLC boosted its stake in shares of Magnolia Oil & Gas by 61.5% in the first quarter. Commerce Bank also boosted its stake in shares of Magnolia Oil & Gas by 4.0% in Q4.

Major investment banks and research firms have been aiming for a much higher upside for MGY as well. Japanese banking behemoth Mizuho boosted their target price on Magnolia Oil & Gas from $26.00 to $28.00. Other groups such as Capital One Financial have also initiated coverage on Magnolia Oil & Gas and firmly set an “overweight” rating with a $28.00 target price for the company.

Magnolia Oil & Gas had a return on equity of 20.41% and a net margin of 30.46%. The high net margins maintained by the company indicate its robust market positioning and pricing power.

We are bullish on MGY above $23.00-$24.00, with an upside target of $35.00-$36.00.

Near (NEARUSDT)

NEAR is currently trading above the 200-day EMA, setting a higher low after a change of character (CHOC) and reclaiming the range low as support. With the price trading between the 200-day and 21-day EMAs, there is a clear invalidation zone and potential for a breakout toward the upside.

We can expect the price to consolidate in this area, and a break on the 4-hour chart will be the signal to enter the trade. Enter a trade around $5.4 to $5.8.

Take profit targets are set at $6.5, $7.46, and $8.4, with a stop loss on a daily close below $5. This setup provides a good risk-reward ratio and clear levels to watch for confirmation and invalidation.

Dogecoin (DOGEUSDT)

DOGE is currently reclaiming its range low following a change of character (CHOC), setting a higher high and now a higher low into the 21-day and 200-day EMAs. The range low should be treated as the invalidation point if the price starts closing below this support.

Enter a trade around $0.129 to $0.13. Take profit targets are set at $0.157, $0.187, and $0.22. Set the stop loss at a daily close below $0.115. This setup allows for a solid risk-reward ratio and clear levels for managing the trade.