Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)

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.


Author

  • Malik Robinson

    Malik Robinson has built a reputation as a knowledgeable venture capitalist and entrepreneur. With a career spanning over two decades, Malik has been involved in numerous successful startups and investment projects. He holds degrees in Business Administration and Finance, and his expertise lies in guiding companies through strategic growth and operational excellence.

    View all posts
0 Comments
Inline Feedbacks
View all comments
Social Media Auto Publish Powered By : XYZScripts.com

Stock Piper AI Index Coming Soon!

Join our Newsletter to gain exclusive insight and be notified once we are live.

By clicking Subscribe, you agree to our Terms & Conditions

ASX News, First And Fast.

Get all the latest market updates straight to your inbox.

By clicking Subscribe, you agree to our Terms & Conditions