MGTI update - +125% GAIN VERY LIKELY! 14MO CUP+HANDLE BREAKOUT
Updated
10/26 Update! LOOK FOR BREAK OUT CONFIRMATION OF $2.70 FOR PROFIT TARGET OF $4.50
MGTI certainly seems to be on its way, up +18% today. Still at less than half of where we're going!! :)
I'm looking for us to cross $2.56-$2.60 either By Tuesday but this is MGTI - could be sooner or later - this is crypto.. but my gut says within the next 3 trading days.
Once $2.70 is reached and if volume supportive, we have confirmation of a Cup+Handle breakout and first price target becomes $4.50
See my previous charts on MGTI for explanation of the why. But in short.
But in short... take your pick why we're going to the moon. WE'RE GOING TO THE MOON! BUY YOU FOOLS!
MGTI certainly seems to be on its way, up +18% today. Still at less than half of where we're going!! :)
I'm looking for us to cross $2.56-$2.60 either By Tuesday but this is MGTI - could be sooner or later - this is crypto.. but my gut says within the next 3 trading days.
Once $2.70 is reached and if volume supportive, we have confirmation of a Cup+Handle breakout and first price target becomes $4.50
See my previous charts on MGTI for explanation of the why. But in short.
But in short... take your pick why we're going to the moon. WE'RE GOING TO THE MOON! BUY YOU FOOLS!
The charts don't lie:
3x bullish signals. 14 month Cup & Handle, falling wedge, double bottom.- Sentinel ships Nov 1
Largest bitcoin miner in the US.
Committed to exceed 60 Petahash by Q1 2018
350+ bitcoin mined monthly
Monthly revenue of 2M+ per month / 1.3M1.1M EBITDA per month
Privacy phone release Feb 2018 - hack proof, built in crypto wallet. SECURE
Note
I'm going to update this chart with a new one. MGTI stock failed to break out last week. We're going to see Q3 earnings November 9th. Still long term very bullish on this stock and expect $5-6 come January and $12-15 summer 2018.
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