$MGT have shitty fundamentals the company has a terrible long-term chart. The company has no honest reason to run. The stock is a huge pump and dump. They are posting press releases after press releases. It has gone two months and the stock is still running on some bs press releases. But when a stock does these types of pumps it is a lot to exploit.
The goal for a promoter is to get the stock up as high as possible. When they stop pumping you look for indicators that show weakness and you short big. The reason is because all the buyers are scared by the indicators and the stock has nothing to live on. It is a very predictable pattern.
But since the goal for a promoter is to get the stock up. They also squeeze shorts. So after some days of down trending after the big fall shorts are stacking up, so they post something huge. Then the shorts get squeezed. To anticipate this squeeze is to find where the stock sets the floor. Look for sellers, volume and chart. Then you buy with a good risk. The reason is because the promoter is looking for the same thing. The more volatility the better it is for the promoter.
So my watch in the future of this stock is, is the same that happen in May.