MGTI'S "Do or die" moment - Nov 9th - Q3 report

This is an update to my previous charts on MGTI .

After failing to break out of the wedge last week despite BTC running to ATH , the stock price is currently resting on it's $1.77 support line.
We have Q3 earnings coming out November 9th . (Probably after hours).

MGT won't be in the black this report but I am looking for improvement shown in previous quarters to continue and strong forward guidance.

Today's order book has seen more then a few 50k buy orders coming in. That's a good sign.

Long term I remain bullish and expect $5-6 come January and $12-15 next summer with Bitcoin chasing $25K by end of 2018.

Kommentar: Double bottom formed this morning (again) at the 38.2% mark. This is a good sign. Earnings are anticipated Nov 9 per MGT CEO Rob Ladd.

The stock needs to show strong Q3 numbers, strong forward guidance and an update on product sales would go a long way.
Kommentar: MGTI up 20% today ahead of earnings tomorrow. Earnings will be after-hours. Things are shaping up nicely for MGT!
Kommentar: Q3 earnings came in strong and the ask me anything Q&A with MGT CEO Robert Ladd is going to put us over the top! Highly undervalued company! Expect $12 in 2018.

25,000 mining rigs is the future of MGT!
Kommentar: MGTI up 35% on black Friday. RIOT up 50% too. CEO of MGTI has a stake in RIOT; rumors of a merger. :) Should be interesting!
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