Technical Damage Mounts for MSTR at $129.50
The stock of Microstrategy Inc (MSTR) dropped 2.93% to close at $129.50 on March 2.
Key indicators suggest a mixed bias:
Momentum
RSI at 44.7 is in neutral territory but trending higher. MACD reads -6.56 against its -8.27 signal line (bullish).
Moving Averages
Bearish EMA structure persists with price below the 9-day ($130.23) and 21-day ($134.73).
Volatility
A 3-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
While EMAs remain bearish, positive MACD divergence hints at potential support around $114.09.
Watch $114.09 as support and $146.84 as resistance.
