MSTR price is currently trading below the monthly resistance 1 at 277.92 level. The price will very likely cross this level on the next attempt. In case it does so, the next target would be the next monthly resistance around 486.
I've had a position in MSTR for a few months now and even though it's one of the worst companies in terms of stability and providing rising returns to investors, I think that it has strong potential for a large upswing.
With the price of Bitcoin recovering and 28.36% of it's shares being shorted, I think that a short squeeze is imminent. I would even see it...
Q3 EPS of -$0.96 may not be comparable to consensus of $1.02.
Revenue of $126.36M (-1.3% Y/Y) beats by $0.56M.
The CEO of MicroStrategy again said that the company is not selling and does not plan to sell BTC, it plans to buy BTC in the future:
“We have not sold any Bitcoin to date. To reiterate our strategy, we seek to acquire and hold Bitcoin for the long...
Head & Shoulders pattern here, inside the ending diagonal. The target is around $125 for a truncated 5th. Also the right shoulder has rejected off the 618% perfectly. Timber!
I still think we will se a last trip down in the $BTC price before heading for $30,000 per coin.
No doubt that $MSTR is extremely sensitive to that PA. Which is also why this stock will become extremely valuable once $BTC travels to new ATHs.
Not only does the company own a ton of coins, but they also have the #1 advocate and spokesperson for Bitcoin as their CEO....
