MicroStrategy Top Signal: Triple Bearish Divergence
The MSTR stock just hit a new All-Time High and as soon as this happens the day turns full massive red. This action is indicative of a top. This is supported by a triple bearish divergence.
1) Volume bearish divergence. We see a new high happening today in price but a lower high on volume.
2) RSI bearish divergence. The RSI peaked in March 2024 and produced a lower high today, while MSTR produced a higher high. A very strong bearish divergence.
3) MACD bearish divergence. The MACD also peaked in March 2024.
These divergences are also present on the weekly timeframe.
➢ MicroStrategy Incorporated (MSTR) is about to experience the biggest correction since 2021.
Namaste.
1) Volume bearish divergence. We see a new high happening today in price but a lower high on volume.
2) RSI bearish divergence. The RSI peaked in March 2024 and produced a lower high today, while MSTR produced a higher high. A very strong bearish divergence.
3) MACD bearish divergence. The MACD also peaked in March 2024.
These divergences are also present on the weekly timeframe.
➢ MicroStrategy Incorporated (MSTR) is about to experience the biggest correction since 2021.
Namaste.
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