Technical analysis by p4917 about Symbol MSTRX: Buy recommendation (12/18/2024)

Here is the daily chart for $MSTR. With its recent inclusion in QQQ , the stock appears poised for further growth. From a technical perspective, the current triangle formation suggests potential downside movement toward $368, where the price may test the lower boundary of the pattern. Following this, I anticipate a bullish breakout to the upside. The resistance near the previous all-time high (ATH) is unlikely to hold for long, and I expect MSTR to surpass this level in its upward trajectory.The triangle completely failed (haters put shame on me ;) ), but I'm staying bullish for now. The line chart is offering a bullish flag like this: Let's see if it plays out. Price should stabilize by the 23rd of Dec because all ETFs got to buy by this date. Maybe we see tomorrow already a bullish day. Let's see.