MicroStrategy

$MSTR Megatrend Continuation?

165
MSTR is market leader in the BTC strategic reserves strategy and has set the benchmark.

After a nearly 20x rally profit take is exceptive, price has held up extremely well through the last 6 months only dropping to the .236 Fibonacci retracement and weekly pivot. As Bitcoin continues into price discovery expect the MSTR rally to continue with renewed tailwinds.

It is an extremely hated stock as well as its collection of yield baring derivatives. The keeps the social mood / sentiment low which could prove further tailwind for growth.

I am looking at a terminal target this cycle of around $1500 at the R5 weekly pivot.

Safe trading


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.