MSTR Island Reversal
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
I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...
more
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
