Technical analysis by novamatic about Symbol MSTRX on 3/16/2025
https://sahmeto.com/message/3699787

novamatic
Rank: 1205
Analytical Power:
2.6

MSTR has a lot going on. I think we're going to see the chart build structure in this low volume top and ultimately retrace to important levels made in the year 2000. Specifically, $177. The $177 Price level has so many points of confluence it boggles the mind: $177 is the exact 61.8 retraca from the 2023 low of $13 $177 is the very strong resistance we saw in the first half of 2024 $177 is a key level from way back in the year 2000 (yes, MSTR was this high. In fact it hit a high of $336 way back then) $177 is also where the current lower trendline (log chart) and the 61.8 and the lower trendlien of the current wedge intersect. What do you think?Here is a monthly chart showing key levels from year 2000
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Signal Type: Neutral
Time Frame:
1 weekPrice at Publish Time:
$297.49