The technical pattern is near to resolution any time now, maybe this week or next week. Then I expect an upside breakout.
After the bitcoin treasury news was announced the stock spiked and then sold off (typical when a company announces dilution). They reported the raise was complete late on Friday, then a few decent buys came in but most buyers haven't had...
Since the covid market sell off the FTSE100 has been in recovery mode grinding its way back up to pre covid levels.
Along the way have been a few sharp drops which has now formed an ascending support line.
Looking at the cyclical and technical picture we are due a corrective dip down. We have multiple support levels at 6600 including the ascending line.
Fyi...
