MicroStrategy bouncing off 200 MA

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We have also seen S&P 500 bounce off its own 200 day average, while the Nasdaq is coming off earlier lows. Meanwhile Nvidia is now positive on the session after starting the da below $110. So, a bit of a bounce back for stocks- is this the turnaround?

MicroStrategy could start next leg up here, if it again holds the 200-day average support near $235.

By Fawad Razaqzada, market analyst with FOREX.com

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