Daily 2-Minute Chart Study #188… Timing Short-Term Momentum #3

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MGT [$2.75] is a stock that has gone from “unknown” with an average daily volume of 92,000 a month ago to exploding to as much as 100 million shares last week. Over the last month or so the stock has jumped as much as 1500%.

I have been following the stock the last few days in an attempt of understanding where and how to time ANY POTENTIAL upside it might have.

This third video in the series discusses why the stock could bounce if the hourly RSI continue to coil and find support at its 50 RSI level.

MGT might stage some type of short-term spike if the uniformity line buy signal is confirmed and IF the daily RSI remains above 69.1.

Here are the two previous videos; (1) https://www.youtube.com/watch?v=X6CdJHljRK4 (2) https://www.youtube.com/watch?v=ZvPL45w5-V4

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