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MGI possible Buy-out
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There was a perfect retracement to the 0.5 Fib lvl of the 3 day. This was already looking to pretty good long term hold anyway.
I could see a $10-$12 range just on the same type of retracement 0.5 Fib lvl with high of $18 April 2017 and low of $1.15 March 2020.
MGI has reject offers of over 1 billion in the past which would bring the current price to around $12. That would remove any debt they currently have $700 million. With partnerships of companies like Ripple and Uber this one has not choice but to go up. Question everyone has is how high but a $10 min is a must in my opinion.
I could see a $10-$12 range just on the same type of retracement 0.5 Fib lvl with high of $18 April 2017 and low of $1.15 March 2020.
MGI has reject offers of over 1 billion in the past which would bring the current price to around $12. That would remove any debt they currently have $700 million. With partnerships of companies like Ripple and Uber this one has not choice but to go up. Question everyone has is how high but a $10 min is a must in my opinion.
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