MGTI'S "Do or die" moment - Nov 9th - Q3 report
This is an update to my previous charts on MGTI.
After failing to break out of the wedge last week despite BTC running to ATH, the stock price is currently resting on it's $1.77 support line.
We have Q3 earnings coming out November 9th. (Probably after hours).
MGT won't be in the black this report but I am looking for improvement shown in previous quarters to continue and strong forward guidance.
Today's order book has seen more then a few 50k buy orders coming in. That's a good sign.
Long term I remain bullish and expect $5-6 come January and $12-15 next summer with Bitcoin chasing $25K by end of 2018.
After failing to break out of the wedge last week despite BTC running to ATH, the stock price is currently resting on it's $1.77 support line.
We have Q3 earnings coming out November 9th. (Probably after hours).
MGT won't be in the black this report but I am looking for improvement shown in previous quarters to continue and strong forward guidance.
Today's order book has seen more then a few 50k buy orders coming in. That's a good sign.
Long term I remain bullish and expect $5-6 come January and $12-15 next summer with Bitcoin chasing $25K by end of 2018.
Comment:
MGTI up 20% today ahead of earnings tomorrow. Earnings will be after-hours. Things are shaping up nicely for MGT!
Comment:
Q3 earnings came in strong and the ask me anything Q&A with MGT CEO Robert Ladd is going to put us over the top! Highly undervalued company! Expect $12 in 2018.
25,000 mining rigs is the future of MGT!
25,000 mining rigs is the future of MGT!
Comment:
MGTI up 35% on black Friday. RIOT up 50% too. CEO of MGTI has a stake in RIOT; rumors of a merger. :) Should be interesting!
The stock needs to show strong Q3 numbers, strong forward guidance and an update on product sales would go a long way.