Chart of the Day - Monday, July 14, 2025

🏆  Today's Chart of the Day was shared by Donovan Jackson (@TheDonInvesting). 
 

• The company formerly known as MicroStrategy ($MSTR) achieved its first weekly all-time high of the year on Friday. It hasn't broken out on a daily closing basis yet, but today was its second-highest daily close on record.
   
• $MSTR peaked with a massive bearish engulfing candle in November after a parabolic rise above its dot-com bubble highs. It traded as high as $543 that day, but closed much lower, creating a potential air pocket, or gap in price memory, between $425 and $540.
   
• While $MSTR remains -16% from its intraday peak, it's less than -5% from its closing peak. The stock is completing an eight-month base, while tightly coiled relative to Bitcoin. With price above the 61.8% Fibonacci retracement ($425), there’s little standing in the way of a full recovery.
   

The Takeaway: The highly contested bitcoin stock, $MSTR, is flirting with record highs and completing an eight-month base. With little resistance above $425, the stock has set the stage for a potential leg higher.