Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%
Lithium
46.07
1.86%
Gold
2,645.80
(0.38%)
Copper
4.52
0.4%
Oil
74.38
0.58%
Bitcoin
62,006.82
(0.1%)
FTSE 100
8,280.60
(0.02%)
Nikkei 225
38,635.62
0.11%
Dow Jones
42,352.75
0.25%
Iron Ore
108.70
(0.29%)
USD/AUD
0.69
0%
Hang Seng
22,736.87
3.28%

Analyzing $MIGI’s Fibonacci Movement: A Technical Perspective — 13 December 2023

$MIGI has recently displayed significant movement by surpassing the Fibonacci retracement of 0.236 on substantial trading volumes, revealing a robust bullish undercurrent. Following a brief pullback at the 0.50 retracement due to profit booking from short-term traders, the stock has demonstrated a noteworthy return of 400 percent, moving from $0.43 to $1.72 within a span of 72 trading sessions. The notable aspect of this surge is the profit booking occurring on low volumes, indicative of a resilient support level. Currently, with support evident at the 0.236 mark, which it crossed with significant volumes, $MIGI appears poised for a potential challenge at the 50 percent retracement. While a retracement to the 100 percent level may prompt additional profit booking, emerging signs of a bullish trend are sustained by value buying from investors and those seeking indirect exposure to Bitcoin.

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