MSTR Stock Price Could Form a Dreaded Pattern Soon
The MSTR stock price has moved to a bear market after falling by over 23% from its highest point this year. Worse, it could be on the verge of more downside as it is about to form the dreaded death cross pattern.
MSTR Stock Price Technical Analysis
The daily chart shows that the Strategy stock price has been in a downtrend after peaking at $457 in July. It has now slumped to $341 and is hovering near its lowest level since April.
The chart shows that MSTR share price has dropped below the support at $357, its lowest level since June and the neckline of a double-bottom pattern.
It has also formed a bearish flag pattern, which comprises of a vertical line and a consolidation. This pattern…
