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Patrick Karim: Chart from October signals possible implosion for Strategy
Patrick Karim, technical analyst at Technical Traders Ltd, warns of many warning signs for Strategy, led by Michael Saylor.
He notes that a chart created in October of last year suggested a potential implosion for the company and explains that similar analytical techniques could be applied to any other instrument experiencing a break in momentum and price.
Karim previously noted that copper is not yet outperforming stocks, suggesting a bull era for the metal has not begun. In a separate analysis, he stated a move in gold toward $14,000 would require a key market resolution. His recent warnings continue a pattern of technical assessments across major asset classes.
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