MSTR support zone 155 hit

Support zone: close above is a hit. Close on the level is a push. Graded on the regular-session close.

A support zone is a price below the market where a large amount of options positioning sits. The idea is that this positioning can slow a move down there, so the test is simple: does the stock close above it? When it was posted at 14:42 ET, MSTR traded at 159.12, 2.7% above the support zone. On the same map, the next level above was 162.5 and the next level below was 150. See the original post.

Price traded through the support zone during the session (first 5-minute close on the wrong side at 9:30 AM ET), with a low of 154.07 and a high of 161.28. In the last hour price moved down 5.77, from 160.11 to 154.34.

The regular-session close was 160.53, 5.53 (3.57%) above the support zone at 155. Under the rule (support zone: close above is a hit), that is a hit.

Strategy rose with Bitcoin; coverage cited additional BTC purchases, preferred-share repurchases and a Citi Bitcoin forecast. MSTR finished the day up 4.8%, while SPY was up 0.2%.

• Quiver Quantitative: Strategy rises as Bitcoin strength and fresh treasury activity lift sentiment
• Traders Union: Strategy shares rally more than 4%