MSTR trade ideas
Symmetrical Triangle /Earnings 10-28 A symmetrical triangle is neutral until a trendline is broken with a trend in that direction. MSTR has not beat earnings since 01/2020.
Earnings are 10-28 after market close.
Usually moves with crypto.
Not sure an earnings miss is conducive to a symmetrical triangle but time will tell. And they may beat )o: Life is a gamble I suppose. I think I will wait and see how this one plays out.
No recommendation.
Short interest is a bit over 24%
Who knows?
MSTR short trade As part of my ongoing accumulating of traders against cryptos and stocks with a lot of exposure to crypto, I am looking to add MSTR to my short portfolio. This has had its first bear break, correct and and I think it's soon due to make another move down. My first target will be the 161 extension.
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Looking for an ABC correction down to the 0.618 from here.Right now we're trading around and between support and resistance after filling a a gap visible on the weekly but now i would expect that we would make a lower high in this area and we will begin descending down to the 0.618 retrace from weekly low to high.
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