Going to break this down quickly as already covered this before.
Technical:
1 - Oversold chart
2 - Inverse Head and Shoulder pattern forming
3- Volume past 3-6 months is Highest ever recorded on this stock since 2014 IPO
4 - Trend - Higher Highs and Higher lows from 2020 lows
Fundamental:
1 - Blockchain Play so has serious hype potential
2 - Purchased 500 Additional ASIC S10 Pro miner's + waiting on 1,160 more coming
3 - Has completed the installation of 700 M30S ASIC bitcoin miners past month
4 - DEBT FREE according to their latest PR on yahoo finance (June 3rd 2020)
"On May 19, 2020, Marathon announced the reduction of the conversion price of Convertible Note originally issued on August 31, 2017. The entire principal balance of $999,105.60 and $215,411.30 of accrued interest has been fully converted by the Note holder to Marathon Common stock, reducing the company’s Long-Term Debt to zero"
Technical:
1 - Oversold chart
2 - Inverse Head and Shoulder pattern forming
3- Volume past 3-6 months is Highest ever recorded on this stock since 2014 IPO
4 - Trend - Higher Highs and Higher lows from 2020 lows
Fundamental:
1 - Blockchain Play so has serious hype potential
2 - Purchased 500 Additional ASIC S10 Pro miner's + waiting on 1,160 more coming
3 - Has completed the installation of 700 M30S ASIC bitcoin miners past month
4 - DEBT FREE according to their latest PR on yahoo finance (June 3rd 2020)
"On May 19, 2020, Marathon announced the reduction of the conversion price of Convertible Note originally issued on August 31, 2017. The entire principal balance of $999,105.60 and $215,411.30 of accrued interest has been fully converted by the Note holder to Marathon Common stock, reducing the company’s Long-Term Debt to zero"
