Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: MicroStrategy Inc (MSTR US): TSS < 10 - Target Tactical 10-13% Decline and more

In today’s briefing:

  • MicroStrategy Inc (MSTR US): TSS < 10 - Target Tactical 10-13% Decline

MicroStrategy Inc (MSTR US): TSS < 10 - Target Tactical 10-13% Decline

By David Coloretti, CMT

  • MSTR US has rallied strongly in 2023 (+138%), peaking at a new 6 month high of 315.00 on 16 February 2023.
  • The 315.00 peak was plagued by extreme ST momentum failure and new highs were quick to fail and reverse.
  • Our TSS methodology triggered a TSS < 10 at the high and justifies a further 10-13% decline in the coming 1-2 weeks.

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