Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)
Hang Seng
17,369.09
(0.75%)
Dow Jones
41,393.78
(0.72%)
Nikkei 225
36,581.76
(-0.68%)
FTSE 100
8,273.09
(0.39%)
USD/AUD
0.6611
(-0.36%)
Bitcoin
54,860.55
(0.68%)
Oil
69.24
(0.39%)
Gold
2,606.20
(0.99%)
Lithium
36.58
(-3.5%)
Iron Ore
92.9
(-1.96%)

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
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