MicroStrategyLong
$MSTR - The Rocket Takes Off
Updated
Here is the daily chart for MSTR. With its recent inclusion in 
QQQ, the stock appears poised for further growth.
From a technical perspective, the current triangle formation suggests potential downside movement toward $368, where the price may test the lower boundary of the pattern. Following this, I anticipate a bullish breakout to the upside.
The resistance near the previous all-time high (ATH) is unlikely to hold for long, and I expectMSTR to surpass this level in its upward trajectory.
QQQ, the stock appears poised for further growth.From a technical perspective, the current triangle formation suggests potential downside movement toward $368, where the price may test the lower boundary of the pattern. Following this, I anticipate a bullish breakout to the upside.
The resistance near the previous all-time high (ATH) is unlikely to hold for long, and I expect
MSTR to surpass this level in its upward trajectory.Trade active
The triangle completely failed (haters put shame on me ;) ), but I'm staying bullish for now. The line chart is offering a bullish flag like this:
Let's see if it plays out. Price should stabilize by the 23rd of Dec because all ETFs got to buy by this date. Maybe we see tomorrow already a bullish day. Let's see.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.