1
Microstrategy stock price (NASDAQ: MSTR) fell 18% in August 2023.
2
MSTR stock price drops below the 50-day EMA but still holds a 200-day EMA.
3
The bullish momentum in Microstrategy Inc. stock is lost.
Microstrategy Inc., MSTR stock price lost bullish momentum and fell approximately 18% in August 2023. It declined by forming lower low swings and eroded a big portion of the market capitalization.
Microstrategy stock price drops below the 50-day EMA indicating that the short-term trend reversed downward. However, the prices still hold the 200-day EMA which is acting as strong support for the bulls.
At the beginning of July, MSTR stock price breakout then the $360.00 hurdle with high volume. It boosted the confidence of investors and prices rallied 35% (approx.) in a short period of time.
The rally in MSTR share price took a halt near $475.00 and prices witnessed profit booking. Meanwhile, the broader market indices began to turn mi
We współpracy z: https://www.thecoinrepublic.com/2023/09/10/microstrategy-stock-will-mstr-stock-regain-the-400-mark-in-sep/
