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Bullboard - Stock Discussion Forum Mogo Inc T.MOGO

Alternate Symbol(s):  MOGO

Mogo Inc. is a Canada-based digital finance company. The Company provides simple digital solutions to help them in building wealth and achieve financial freedom. Its trade app, MogoTrade, offers lowest cost way to invest while making a positive impact with every investment. The Company also offers digital loans and mortgages. Through its wholly owned subsidiary, Carta Worldwide, the Company... see more

TSX:MOGO - Post Discussion

Mogo Inc > Bitcoin
View:
Post by Viking2233 on Mar 05, 2024 10:26am

Bitcoin

Bitcoin has just completed its best six week rally in more than three years. It’s now super overbought on a short-term basis and running into resistance at its all-time high. The last time it was this overbought, it resulted in a 22.5% pullback. First support is in the $48,000-49,000 zone, then nothing significant until the $38,000-39,000  zone.

What does that mean for Mogo?? You may want consider booking some profits here.
Comment by bigkagan on Mar 05, 2024 2:23pm
MOGO is up not because of BTC. It has only 13% in WNDR, but WNDR itself hasn't moved at all
Comment by Viking2233 on Mar 05, 2024 4:04pm
 Mogo is actually down my friend. Look at the charts, they speak volumes. 1yr - up 2% 2yr- negative 62% 5yr - negative 79% 10 year - Negative 79% They had to do a 3:1 reverse split this year to stay on nasdaq, reverse splits generally are bug red flag. These guys have been operating for 15 years, they all get paid handsome salaries and stock options yet the performance speaks ...more  
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