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sthfrex

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Jan 7

πŸš€ Stock Analysis – $MSTR (MicroStrategy) πŸ’»πŸ“‰
Technical Analysis β€’ Current price: $337.66 β€’ EMA Levels: β€’ 200 EMA: $340 β€’ 50 EMA: $342.16 β€’ 20 EMA: $346 With MSTR trading below all key EMAs, these levels will act as strong resistance if the stock attempts to climb back up. β€’ RSI at 47: RSI is trending downward, signaling weakening momentum. β€’ MACD bearish crossover: The MACD recently crossed over at its peak and is heading down toward the zero line, indicating potential for further downside. Opinion This setup looks like a great opportunity for a short trade, as MSTR faces multiple layers of resistance from the 20, 50, and 200 EMAs. If the stock continues to struggle below $347, further downside is likely. However, if it can break above $347, that would turn into a solid buy signal, as the EMAs would provide strong support beneath you. Either way, this is one to watch closely! πŸ’‘ Key Takeaways: β€’ Short setup: Strong resistance from EMAs makes this an attractive short candidate if it stays below $347. β€’ Bullish scenario: A break above $347 could signal a reversal and a good buying opportunity. β€’ Watch RSI and MACD closely for further confirmation of direction. πŸ‘‰ Good luck and follow for more trading insights!
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