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Technical analysis by MrWhale about Symbol MSTRX on 2/2/2024

https://sahmeto.com/message/3720485
MrWhale
MrWhale
Rank: 6021
1.6

microstrategies

Neutral
Price at Publish Time:
$50.01
،Technical،MrWhale

The weekly apex is not until ~June (Q2) of this year. The entire structure is being held by a weekly uptrend marked back in October 2023. Although current price is being held by a weekly support at $460, the uptrend is what important here. Breaking below the uptrend will result in a drop the following tested supports at $304-$360 A break OUT of the apex will result in a move up to the tested resistance at $711, then $785 if $711 breaks. considering $711 has already been tested there is a chance that it will likely reject hard at $785.

Source Message: TradingView
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