MSTR is the next weakest liquid mega name
$Strategy(MSTR)$ Short - (via Long $T-Rex 2X Inverse MSTR Daily Target ETF(MSTZ)$ $Defiance Daily Target 2X Short MSTR ETF(SMST)$)
MSTR is the next weakest liquid mega name that will get into my focus list from that month long relative weakness after $Direxion Daily AAPL Bear 1X Shares(AAPD)$ trade.
Current price structure is a bear flag build up at the confluence of 50-MA. This name already lost 10 and 20-MA and have a death cross since 23rd may gap down. Gap remains untested and could be acting as a psychological resistance range.
BTCUSD is also on a month long volatility adjusted relative weakness.
Current strongest to weakest liquid name based on 1-month RS
1. $Microsoft(MSFT)$ $NVIDIA(NVDA)$ $Robinhood(HOOD)$ $Coinbase Global, Inc.(COIN)$
2. $Advanced Micro Devices(AMD)$ $Palantir Technologies Inc.(PLTR)$
3. $Meta Platforms, Inc.(META)$
4. $SUPER MICRO COMPUTER INC(SMCI)$
5. $Hims & Hers Health Inc.(HIMS)$
8. $Alphabet(GOOG)$ $Alphabet(GOOGL)$
10. $Apple(AAPL)$
11. $Alibaba(BABA)$
12. $Strategy(MSTR)$ $AppLovin Corporation(APP)$ (already moved)
Image
Image
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
