Microstrategy Incorporateds stock price (MSTR) fell in the intraday levels, amid the dominance of the downward correctional short-term trend, with negative signals from the RSI despite reaching oversold levels, thus trespassing the support of the 50-day SMA, and exposing the stock to doubled negative pressures.

Therefore we expect more losses for the stock, targeting the first support at $1230.00, provided the resistance of $1569.00 holds on.

Trend forecast: Bearish