MicroStrategy (MSTR), a former software company that has transformed itself into a Bitcoin holding company with sky-high premiums, has gone up over 1,000% over the past fifteen months. I wanted to point out a rather unusual island reversal pattern that has just taken place.
(Click on image to enlarge)
You can see how swift the ascent of this stock has been. This is a log chart, by the way. I didn’t change it to an arithmetic scale for drama’s sake.
(Click on image to enlarge)
The reason for this weakness? Oh, c’mon!
(Click on image to enlarge)
More By This Author:
Revisiting UtilitiesHome Depot: Soaring To New Heights
A Million Little Burritos
Comments
Log in or sign up to join the conversation.