Market Shock Incoming? Strategy Stock Could Crash Then Soar, Analyst Says
Sir Chartist, a noted market analyst, predicts a volatile trajectory for Strategy’s stock (MSTR), forecasting a potential plunge to $350 before a rebound to $700. The stock has breached key technical levels, including the 9-day exponential moving average and 20-day simple moving average, signaling weakened short-term momentum.
April’s bullish trend has reversed, with selling pressure now dominating. This convergence of bearish indicators suggests a rapid decline may precede the anticipated recovery. Traders are watching for the exhaustion of selling activity to confirm the next upward leg.