MicroStrategy
Long

MICROSTRATEGY Can $2000 be its next High?

2 014
Microstrategy (MSTR) followed the exact trading pattern we suggested on our last analysis (December 27 2024, see chart below) as it made its technical correction December through March and rebounded aggressively in April:

MICROSTRATEGY Is it shifting towards a new paradigm?


Back then we called this a shift to a new paradigm and is no different than the April 1999 bounce than led to the eventual massive rally that made the Dotcom Bubble burst.

Since the recent All Time High (ATH) broke above the (blue) 23-year Channel Up, we applied the Fibonacci Channel levels all the way from its March 2000 Dotcom High. The fractal we mentioned before shows that the stock's next Target, and possibly this Cycle's High, can be on the 0.618 Fib at $2000.

-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **

-------------------------------------------------------------------------------

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇

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.