Watch These MicroStrategy Levels as Stock Soars to Record High After Bitcoin Purchase
MSTRMicroStrategy(MSTR) Investopedia·2024-11-19 11:25

Key TakeawaysMicroStrategy shares could remain in focus on Tuesday after soaring 13% to a new record high following news the software analytics company had purchased an additional $4.6 billion of bitcoin. Gains in the stock have accelerated since breaking out above a rectangle formation, with share turnover registering its highest level last week since going public in 1998.A bars pattern, which takes the stock’s trend higher from October 2023 to March this year and repositions it from the rectangle formatio ...