Lovely Cup and Handle has formed
5X sounds alot but it has traded to those heights previously soo, not really.
and can go on to smash $5
It's a nano cap #bitcoin miner
so position accordingly.
Good Luck.
this is what were looking at here for this random btc miner, part of the WGMI eft so it cant be complete garbage can it? probably another bankrupt company but the upside is there to reach for.
DMG purchases 1,800 New Generation Bitmain Antminer S19 XPs for a total hashrate of 1,037 PH/s or approximately 9,500 S19s.
DMG announced the granting of 2,845,750 stock options to directors and employees of the Companyexercisable for a period of three years at a price of $1.20 per share.
So $1.20 is the minimum price target for DMGGF in my opinion
The most recent candle broke out of the descending weekly trend line and managed to close above the .38 fib level.
The MACD is rising and about to cross and the RSI is still relatively low.
With BTC rallying over the past few days I think DMGGF is ready to move higher.
Target: $1.25 short term
To be honest, I have not traded stocks for a long time. I started my trading journey in stocks and quickly moved into US Penny stocks. It was similar to the crypto landscape we see today.
DMG Blockchain Solutions Inc.
DMG Blockchain Solutions Inc. operates as a blockchain and cryptocurrency company. It operates through data centre operations, data analytics...
Q: This stock is already up 700% in a year and you consider its a great buy? What do you smoke i want some!!
A : Yes 800% for 0,10$-0,12$ is nothing and let me explain why.
1 - BTC was under 10k when that stock was 0.10$.
2 - During the last year, they completed their infrastructure and a lot of people don't buy a company that burn through cash.
3 - People...
After a brutal downtrend due to major dilution DMGI is showing signs of a trend reversal finally. The fact of the matter is DMGI had to raise a lot of money causing dilution of the stock which sent it spiraling that coupled with crypto weakness made a perfect storm. MACD is signaling that the bottom may be in.
Nice range consolidation after a shap gap down, with very high Relative Volume.
Stop at .98 with a target at 1.65 near recent high for swing trading nice RR of 5 TSXV:DMGI TSXV:DMGI
DMG BLOCKCHAIN SOLUTIONS INC- DMGGF
Current Price - $1.41 Price Target - $2.50
DMG is a vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem.DMG Blockchain Solutions Purchased 3,600 Additional ASIC Miners last Monday. The investments into mining should...
At first, DMG was in a triangle. But, it broke down and now it looks like it's in a falling wedge.
Will probably keep coiling aiting for bitcoin to break to the upside.
Still waiting on a breakout, but set in to a nice accumulation zone. Until we get a pick up in volume and a clear reversal there's an opportunity to accumulate shares.
DMG Blockchain Solutions Inc. operates as a blockchain and cryptocurrency company. It operates through data centre operations, data analytics and forensics, and developing enterprise Blockchains divisions. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It is also involved in developing enterprise blockchains;...
If it doesn't go any lower and we see a bounce back up 3.50 CAD seems to be a reasonable price target to be. Over the last month, DMG has just been doing lower and lower down 65% from ath which is a huge pull back. If the head and shoulder does form (Which BTC currently might be forming) and follows BTC's H&S we could see a big jump for DMG again.
DMG has been range bound for the past month, similar to BTC. Bullish divergence in RSI, and a bullish curl about to happen on the MACD. We could be in for another few days of chop city, but I expect this to explode once BTC clears $60k with volume.
After a period of price compression, DMGI could be getting ready for a breakout. MACD is starting to reverse to the upside and with a bit of a bump in volume DMGI could break toward the resistance level of $3.40.
