![](https://investorshub.advfn.com/uicon/137113.png?cb=1639137826)
Saturday, January 28, 2023 11:48:15 AM
"An MFI reading above 80 is considered overbought and an MFI reading below 20 is considered oversold"
https://www.investopedia.com/terms/m/mfi.asp
Using the same daily chart you linked we see that the MFI is currently under 20 (sitting at 14). This tell us that IGEX is now oversold.
If we then look at the same chart you linked for IGEX, but extend it over a couple of years, we can see how the PPS moved relative to the MFI. Not as a one-off, but over and over.
----> https://schrts.co/yHITekUJ
Look at what happens with the PPS when the MFI either gets close to 20 or dips below 20, as it currently is.
It explodes upwards.
Based on the historical chart, you can basically time your IGEX buys using the MFI. If you bought IGEX shares when the MFI got as low as it is now, you'd be buying just before the price exploded upwards.
That isn't a guarantee it's going to happen yet again, but it's an indicator that it will.
Should I add...
LoL
LoL
LoL
?
Recent IGEX News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 05:11:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/20/2023 09:09:59 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM