What's NEXT For MicroStrategy Stock After The Recent Breakout

In this MicroStrategy stock (MSTR) daily update, we dive into key technical analysis for potential price movements. After a breakout and retest, MicroStrategy is currently testing horizontal support and a trendline. We foresee a bounce leading to an upward move, though there is also a possibility of choppy price action before a more decisive breakout. Weekly charts remain bullish, with healthy wicks signaling normal market behavior. The monthly bull flag is still intact, suggesting long-term upward potential, especially if Bitcoin continues its rally. On the SMA, we’ve bounced off key support, and the MACD shows bullish momentum on the daily chart, while the weekly is still bearish but could turn positive. We're closely watching the Fibonacci retracement, with the price bouncing off the 618 level, indicating bullish continuation. We also anticipate a price target of $1,000-$1,200 based on the bull flag pattern. With volume gradually rising, we expect a breakout once Bitcoin's price action accelerates. As always, this analysis is based on technical indicators and patterns, aiming for profits, not losses. Make sure to like, comment, and subscribe for more insights and updates!

0:00 Price Action
2:43 Bollinger Bands
3:07 SMAs
4:00 Volume
4:25 MACD
5:01 Fibonacci Retracement Golden Zone & Price Targets

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