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Jordan Kerridge: Strategy faces risk of further sharp decline if support breaks
Jordan Kerridge highlights concern over Strategy's current position in the market.
According to Kerridge, the company is holding onto a crucial demand zone that has served as support for over two years. However, this support is being tested repeatedly, and a break below could result in another 50 percent decline before finding the next significant level.
Kerridge has previously commented on notable long-term returns in equities. He highlighted that a $1,000 investment in Tesla in 2011 would now be worth $380,000, according to past remarks. He also noted that a $10.41 investment in IBM shares in 1932 would currently exceed $1 million, as detailed in earlier reporting.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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