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Technology Stocks : MicroStrategy Inc. (MSTR) -- Ignore unavailable to you. Want to Upgrade?


To: lilbully who wrote (697)9/7/2002 11:55:16 PM
From: Toby Zidle  Read Replies (1) | Respond to of 710
 
What do you know? A chart!

What I see there is a double top without a breakout. A rather negative "M" formation.

I don't think I'd invest until either

1) a breakout above the double top. (P&F charts show those rather nicely. StockCharts.com, furthermore, annotates its P&F charts with Alerts.)

or

2) Confirmation that the bottom of the middle segment of the "M" holds support, in which case MSTR can fall into a "trading range" categorization for its movement.

If support at the mid-point low of the "M" (about $9.50) doesn't hold then I'm back to looking at other stocks for investment. MSTR then becomes an "avoid".