Howdy ho! I hope everyone is well. I'm going to put my best foot forward for my expectations for MSTR. Everyone was probably let down by the lack of inclusion in the S&P, on Friday. But that's OK! Hopefully this chart will help you with overall direction for MSTR.
So what do we have?
Also of interest is the peak out of the channel, telling me we could explode higher out of this channel in the future. just something to watch for.
Thanks and have a great one!
So what do we have?
- A validated fib (it's validated because it is anchored on the trendline and the previous extension gave us an absolutely perfect target at the high in 2024 at the 2.618. I will post this, below.
- A clear support trendline that perfectly aligns with the 50% retrace.
- A clear line of support on the 61.8, tested in March/April of 2025 at the $235 level.
- RSI is also starting to look supportive of a move up.
Also of interest is the peak out of the channel, telling me we could explode higher out of this channel in the future. just something to watch for.
Thanks and have a great one!
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.
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.