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Pastimes : The Philosophical Porch
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To: rogermci® who wrote (11959)12/4/2021 10:04:40 PM
From: Rarebird1 Recommendation

Recommended By
rogermci®

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I looked at the chart of MGI a good few times over the past few weeks. I was intrigued with MGI and very tempted to go long and gave it some deep thought, but refrained. In the end, I did not like the pronounced downtrend and the fact that RSI slipped below 30 for a bit:

schrts.co

Charts like MGI have a lot of potential upside if you time it right. But that is not easy to do. More often than not, the downtrend continues ad nauseam.

I bottom fish a little bit, but largely stay away from such stocks.

Good luck with MGI.
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