Watch the Rising Wedge on MSTR closely. Trade with professional charting tools.
Reversal pattern. Price likely to break downwards.
Gradual reversal from bearish to bullish.
Bullish continuation if preceding move was up.
Indecision. Widening then narrowing range.
Traders are watching MicroStrategy (MSTR) as price action tightens. With a last close of $167.15, volatility remains active (0.81%). Price action has carved out a classic Diamond. Volume is average (0.41x avg) with moderate trend strength (11.8). A potential breakout level is identified at $197.0, targeting $268.96 with support near $161.02 (R:R 2.0).
What is your outlook on MSTR?