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Mawson Infra (MIGI) : Strong Buy 💪🚀🔥✅
@daz888888888:$Mawson Infrastructure Group Inc.(MIGI)$ Support, Risk & Stop-loss Mawson Infrastructure Group Inc. finds support from accumulated volume at $0.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0950 between high and low, or 14.50%. For the last week the stock has had daily average volatility of 16.23%. Signals & Forecast A buy signal was issued from a pivot bottom point on Friday, September 09, 2022, and so far it has risen 7.31%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mawson Infrastructure Group Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.80. On a fall, the stock will find some support from the short-term average at $0.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Trading Expectations For The Upcoming Trading Day Of Tuesday 13th For the upcoming trading day on Tuesday, 13th we expect Mawson Infrastructure Group Inc. to open at $0.71, and during the day (based on 14 day Average True Range), to move between $0.61 and $0.82, which gives a possible trading interval of +/-$0.10 (+/-14.24%) up or down from last closing price. If Mawson Infrastructure Group Inc. takes out the full calculated possible swing range there will be an estimated 28.47% move between the lowest and the highest trading price during the day. Since the stock is closer to the support from accumulated volume at $0.71 (0.70%) than the resistance at $0.75 (5.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance. In the last 100 trades there were 57.15 million shares bought and 1.95 million shares sold. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Mawson Infra (MIGI) : Strong Buy 💪🚀🔥✅Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.