Strategy stock has strongly rebounded since its annual low on June 26, driven by the Bitcoin recovery. Several technical bullish reversal signals are present: the stock crossed above its 200-day moving average, a bullish price/momentum divergence appeared on weekly RSI data, and it bounced off the former 2021 bull market high. However, the $200 resistance level remains the ultimate step to definitively confirm the bottom. Additionally, MSCI’s decision expected on October 16 regarding the eligibility of non-operating companies like Strategy represents a major fundamental risk, as exclusion from indices could trigger mechanical selling flows.
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