MSTR technicals are bullish (up trend, buy signal) but performance depends on Bitcoin.
Jump to any passage
Micro Strategy. We skipped through that chart. A couple of interesting things to share here. Always watch Bitcoin when you're watching Micro Strategy. Remember, it's a function of that.
But you also have to know what Sigail is doing right now. He's ATMing like a son of a gun to raise cash to put in that magical fund and buy STRC back. He's adamant about getting STRC back to 100, but he's struggling.
He's probably the only buyer of it and I know every time it gets close to 98, people sell and then he has to buy that up.
Either way, Micro Strategy has been a great trade. It was one of our bare market bottom buys and it shot out from the 80s all the way to 130 135 even as high as 145. But right now we are bouncing off that 200 day moving average.
Clean. Also we're at the level two on the ATR. So we have a long way to get back up. Uh the trend is up and we do have a buy signal. So everything looks bullish there despite the fact uh Bitcoin is not looking as bullish.
Micro Strategy is but remember Micro Strategy can only go up when Bitcoin's going up or when people are using Micro Strategy as a vehicle to stack Bitcoin as a proxy the old days.
What this channel has said about $MSTR
InvestAnswers has 4 calls on this stock; only the adjacent ones are shown.