MSTR has rebounded from the bottom fairly fast compared to other stocks and indexes. It's even performed better than Bitcoin itself. It is up about 65% from the low we set a few months ago. However it should be hitting heavy resistance now near 395-400 and above is only heavier resistance. It's time for a pullback and a breather for MSTR. Target is the Point of Control near $350, before going higher. However we could turn bullish again before reaching $350.I personally know someone who played with fire by buying
MSTR options calls while it was dropping before, meaning he was trying to catch a falling knife and got burnt finally. He lost nearly $500,000 because of it. So I don't mess with options personally, however I will margin trade with stocks and trade futures, forex and leverage trade cryptocurrencies.Note
Even though all of my indicators point to it being bullish, I still expect resistance and a small pullback soon. that would be a good place to long at
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.