Technical analysis by chancethepug about Symbol MSTRX: Sell recommendation (11/20/2024)

MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Everybody buying stocks like crazy. 10 trading days ago, price was $270. Now nearly $500. My charts say price tops out at $519 area, then falls back to $364. Price above top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM is spiked positive Price near 4.618 Fibonacci level In at $518 area Target is $3640 or channel bottomCORRECTION Target is $364 or channel bottomGot the spike. Got the drop. Keep going!I'm pulling the plug here with a GREAT gain on this call. WOO HOO!