☢️ Opinion by TIEJEY ☢️
MicroStrategy
Long
Next stop - 180€
I assume that Microstrategy has completed correction wave 2 with last Friday's low and is now in the upswing of the next upward impulse. Wave 3 should soon break through the resistance at €180 and drive the overall impulse of wave 3. My last target zone was reached after testing its upper limit on August 5, so any stops on long positions in this zone could be tightened to the entry price. A further sharp sell-off is only to be expected in the context of my short-term bearish alternative scenario: should the share price unexpectedly fall below the support level of €92, wave alt. 2 could reach a new low in the alternative target zone between €69 and €39 (with a probability of 33%). According to the daily chart, the price is still working on the macro impulse of wave 3, which is likely to peak between € 329 and € 439. In the long term, however, this should only be a stopover on the way up.
❗️❗️❗️ Investments are speculative and carry a high level of risk. Every investment is unique and involves unique risks. When trading in shares and other securities, your capital is capital is at risk. ❗️❗️❗️
