MGT Community

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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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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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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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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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Re: MGT Community

Postby SHARK » Thu Feb 22, 2018 9:51 am

now 13.8 and if you are looking contrarian play ... this is one such stock you should have in your list at top
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Re: MGT Community

Postby SHARK » Tue Feb 27, 2018 11:02 pm

Can the support hold well above 13.50
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Re: MGT Community

Postby SHARK » Wed Feb 28, 2018 12:23 am

image_26fd67c40a.jpg
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Re: MGT Community

Postby Blue Whale » Wed Feb 28, 2018 7:27 am

4% to 5% is fair. However signs are that 2018 economy is going to be tougher than 2017.
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Re: MGT Community

Postby SHARK » Wed Feb 28, 2018 10:04 am

if anyone looking for bottom fishing tactics 12 is also possible to accumulate :D
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Re: MGT Community

Postby Blue Whale » Wed Feb 28, 2018 10:07 am

SHARK wrote:if anyone looking for bottom fishing tactics 12 is also possible to accumulate :D


We are waiting Shark :ar!
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Re: MGT Community

Postby SHARK » Wed Feb 28, 2018 10:12 am

mgttec.png


mgt today touched the lower channel of the mini bearish channel, which might see 2 directions.

1. to reverse trend and correct towards higher channel or
2. break further below to its support 12rs

this could be a mock attempt to instill panic to collect lower as we anticipate around 13-12.
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Re: MGT Community

Postby Blue Whale » Wed Feb 28, 2018 10:20 am

Small buy order is also in place :D
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Re: MGT Community

Postby PAT » Wed Feb 28, 2018 10:37 am

SHARK wrote:if anyone looking for bottom fishing tactics 12 is also possible to accumulate :D


.......... :-w
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Re: MGT Community

Postby SHARK » Thu Mar 01, 2018 9:07 am

SHARK wrote:mgt.png

This is a small technical analysis based on elliot waves theory.
we have seen 2 previous instances where full completion of the 5 wave patterns.

now we are into the 3rd phase, and already saw wave 1 and wave 2 completion around 14rs today.

some good qtys absorbed including me around 14rs.

if mgt share price moves in an upward trajectory, we will looking at 2 possible fib ratios 1.618 and 2.618 minimum, as highlighted in the chart.

the cycle will get invalidated if share price declines below last support.

if the support is tested and the hold is confirmed then we can look at a double bottom reversal, towards target 17.


Elliot Wave cycle computation is changed now due to MGT recording a New Lower Low.

Hence updated Elliot Wave analysis is given below.

Startegic Buy levels have been indicated based on the wave heights and fib calculations.

Am arriving at a target sell completion between Rs 12 and 11.60Rs.

Please do your own due diligence.

I will try to do small video before tomorrow market open, unable to upload the chart due to capacity restrictions.
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Re: MGT Community

Postby lukedesilva » Thu Mar 01, 2018 7:05 pm

Thinking pf getting in at 11+.

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Re: MGT Community

Postby SHARK » Thu Mar 01, 2018 7:14 pm

definitely a better price luke
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Re: MGT Community

Postby Blue Whale » Fri Mar 02, 2018 7:16 am

Getting it at 11 :ymsmug:
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Re: MGT Community

Postby PAT » Fri Mar 02, 2018 7:25 am

Blue Whale wrote:Getting it at 11 :ymsmug:


I thought 13/15 good price ...... :-?
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Re: MGT Community

Postby Blue Whale » Fri Mar 02, 2018 7:42 am

Thought 13/- was the bottom.
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Re: MGT Community

Postby Blue Whale » Fri Mar 02, 2018 1:05 pm

The share is trading at the 52W low. RSI at 32. If this fell below 13/- may be 12 or 12.5 then better to collect as much as you can because a technical correction will be due after that.
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Re: MGT Community

Postby PAT » Fri Mar 02, 2018 9:03 pm

Testing 13, let's see whether 13 can resist or will break towards 12.....
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Re: MGT Community

Postby Blue Whale » Fri Mar 02, 2018 9:17 pm

Yes
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Re: MGT Community

Postby SHARK » Sat Mar 03, 2018 12:57 am

13 is a definite primary entry level... and no harm to wait further down to fill our appetite :D
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Re: MGT Community

Postby lukedesilva » Sat Mar 03, 2018 9:29 am

I'd rather wait for my target. I may get it or may not. My personal choice. If I miss, I feel we will have many more opportunities with other counters.

As you always proclaim, patients is a virtue. Need to fight the inner devil.

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Re: MGT Community

Postby SHARK » Sat Mar 03, 2018 12:37 pm

Price is what you pay. Value is what you get.”


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