MSTR 1DyThis company microstrategy does a lot of AI assist stuff. The ceo made a brilliant play with the purchase announcement on there ridiculous 3 day bitcoin non stop buy. This last week BTC spiked a bit and MSTR went up 5plus %. Other companies have cash on the side lign and definitely noticed this. (also see SQ or Square)
Look for other traditional companies stepping into BTC and crypto in the coming weeks especially if btc continues this upward trend remaining and solidifying its place as the gold of crypto.
MSTRD trade ideas
$MSTR. Likely to go up into earningsNo position in $MSTR.There is a positive divergence pattern happening since
the last crash (28 August 2017). I predict this stock to increase into earnings and also during earnings (provided there is an earningsbeat/upbeat guidance).
Resistance is seen at $141.65. Although there is a large gap to fill, which may be a positive moving forward.The downside risk seems to be high, as the next support level is at $108 and then $101.5.