MSTR recently made 20-day highs (green candles) and then sold off towards the 20D EMA trendline. Meanwhile, looking at a proxy of net buying/selling (bottom panel), there has been neither significant buying nor selling activity.
All of this is setting up the potential for a squeeze higher.
Needless to say, please manage your risks carefully and consider setting a stop-loss upon MSTR closing at a 20-day low (red candle).
Both indicators (Breakout Trend and Buying/Selling Proxy) are available for free on TradingView.
All of this is setting up the potential for a squeeze higher.
Needless to say, please manage your risks carefully and consider setting a stop-loss upon MSTR closing at a 20-day low (red candle).
Both indicators (Breakout Trend and Buying/Selling Proxy) are available for free on TradingView.
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.