MICROSTRATEGY Bottom on Inverse Head and Shoulders. Eyeing $2000

6월 27일

MicroStrategy Inc. (MSTR) is about to complete the Right Shoulder of an Inverse Head and Shoulders (IH&S) pattern, which is a bottom formation technically. The Head was formed on the 4H MA200 (orange trend-line), a long-term Support for the stock, while the price is now testing the 4H MA50 (blue trend-line) as Resistance.

We saw this exact same behaviour on MSTR's previous bottom (May 01) and right when it broke above the 4H MA50, it peaked marginally above the 1.618 Fibonacci extension level. As a result, we expect a similar development and our Target is $2000.

Notice also that right when the price was testing the 4H MA50 last time, the 1D MACD formed a Bullish Cross, which is what it is currently doing. Strong similarities everywhere.

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