Wyckoff Re-accumulation after decline
MGT Capital Investments, Inc., a cryptocurrency mining company, mines and sells bitcoins. The company was incorporated in 1977 and is headquartered in Raleigh, North Carolina.
MGT Capital Investments, Inc. engages in bitcoin mining activity in the United States. As of January 31, 2020, it owned and operated approximately 1,500 miners in LaFayette, Georgia. The company was incorporated in 1977 and is headquartered in Raleigh, North Carolina.
Still watching some of these blockchain and mining low caps in case we get another 2017 style mania pump some day. Can somebody explain to me how these guys can have 3m trade volume with a 10m market cap or am I looking at something wrong?
Once known for McAfee entering as a director to help its securities division, then became crytominer, now embattled company in fraud cases. However at these levels could prove a quick flip especially hitting lower weekly Bollinger as well as getting close the the weekly 100 LR.
Short interest picked up a good amount in the last month or two. Could provide some...
Looking for an expanding diagonal to play out
MGTI favors deep retracements:
ii retraced .94 of i, iv retraced .94 of iii
Smaller degree 2 looks bottomed out at the .94
OBV oscillator reaching a critical apex soon
Target in red box
Once bitcoin regains strength ,stocks like $MGTI Or $GBTC will be hot again.Watch for good risk to reward trades as they come back down to better investment areas.
MGTI. A company so poorly run, they can't even get printing money right.
But, that's not important. After completing a long C wave of an ABC correction, following an impressive 5 wave impulse up, MGTI is is beginning a new 5 wave up.
I would dump this stock upon reaching target price of anything over $10 with realistic targets of $15-20 based on wave count and...
Bullish Benji here. Bringing you more Bullish action. MGTI is poised for a Yugeeeee Upswing! As you can see by the obvious Hunchback of Notre Dame pattern its reached the Hunch on the right shoulder! This means its very close to a swing up. Will see how it plays out over Easter weekend.
Always bringing the heat, slanging this Bullish knowledge on my fans!
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Hello,
I really like MGTI's story, except for their plan to really dilute their shares by issuing more. It would be better for shareholders if they did stock splits. Even though your share price is reduced accordingly, you have the additional shares to compensate you.
To my understanding, MGTI wants to have at least 200,000,000 shares outstanding. Their website...
$MGTI offers an interesting upside potential here, with small risk. From a fundamental standpoint, maybe the departure of John McAfee from the firm recruits investors, as $BTC prices rise again.
I think we could see this surging by 6 to 24x, wouldn't shock me. As such, I would look into investing a maximum of 10% in this stock, or 5% if more risk averse.
Best of...
