Microstrategy showing strong monthly MACD cross, and increasing RSI as IoT company holding a bunch of BTC. Will more than offset inflation we're seeing from gov printing US$ and printing more....
This company microstrategy does a lot of AI assist stuff. The ceo made a brilliant play with the purchase announcement on there ridiculous 3 day bitcoin non stop buy. This last week BTC spiked a bit and MSTR went up 5plus %. Other companies have cash on the side lign and definitely noticed this. (also see SQ or Square)
Look for other traditional companies...
I think I does not need to do a four sheets report with a fancy technical analysis to explain my idea or to identify where the price is going.
But some words are enough: look the red arrows above the past support and the broke of the counter trend line.
No position in $MSTR.There is a positive divergence pattern happening since
the last crash (28 August 2017). I predict this stock to increase into earnings and also during earnings (provided there is an earningsbeat/upbeat guidance).
Resistance is seen at $141.65. Although there is a large gap to fill, which may be a positive moving forward.The downside risk...
