MGT Community

newer1
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Re: MGT Community

Postby newer1 » Fri Feb 09, 2018 11:50 pm

Could we have Another trading Opportunity?
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SHARK
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Re: MGT Community

Postby SHARK » Wed Feb 14, 2018 11:41 pm

The Daily chart shows some Bullish signs, though could be too early to comment.

mgtd.png


RSI is rising above 50% and around the lowest support base.... A possible sign of upside accumulation. :-?
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SHARK
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Re: MGT Community

Postby SHARK » Thu Feb 15, 2018 1:09 am

viewtopic.php?p=64911#p64911

Based on the numbers am expecting for the last quarter 31.03.18... MGT will show/indicate considerable growth/turnaround by recording of closer to Rs 85 mil ~ Rs 100 mil in net earnings.

this should wipe out the net loss -21 mil recorded for the preceding 9 months.

my projection for the topline is around 2.2 billion being least and 2.3bil highest.

the CoS seem to ease towards the Jan-Mar 18 quarter as the cotton futures indicating weakness to forge ahead.
hence i expect Cotton futures to decline towards the support 70$ from 75$.

accordingly the share price might be or would get adjusted towards 17.10 minimum.

mgtqtr.png


the numbers are based on my estimates and the post id for educational purposes.

if a member wishing to base his investment judgment on buying/selling or hold of MGT, please consult your investment advisor/broker.
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Blue Whale
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Re: MGT Community

Postby Blue Whale » Thu Feb 15, 2018 7:27 am

MGT will be a low-risk trading opportunity if you collect around 14. Can target somewhere around 16.50 or 17.
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