MSTR Descending Channel + Support Test
MSTR has been trending down since late last week, but is now coming into an important area of support around $370. There's good potential for bulls to hold here which should lead to a breakout above the channel and a move back up towards $490-$500. If it can't hold $370, that's not great but it would still have potential trendline support below along with previous consolidation from earlier in the month.
Bullish for now IMO, but not so much if it breaks below $370. Watching for a trend break in either direction.
Bullish for now IMO, but not so much if it breaks below $370. Watching for a trend break in either direction.
Trade aktif
Near perfect bounce on the lower end of the channel which led to a move back above $371.85. Now we have a breakout above the upper end of the channel. Lots of momentum, next target is $450, which is near a previous gap and a recent high.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.