Watch the Rounding Bottom on MSTR closely. Trade with professional charting tools.
Gradual reversal from bearish to bullish.
Reversal pattern after a downtrend.
Market participants tracking MicroStrategy should note the latest formation. The stock is trading at $119.83, down 2.4% on the day. The primary technical feature is a Double Bottom formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $152.27, targeting $188.14 with support near $134.34 (R:R 2.0).
What is your outlook on MSTR?