Strategy Stock Rallies on Record Bitcoin Buy, but Charts Remain Mixed

Strategy stock has been gaining traction after the company's $370 million Bitcoin purchase last week. The stock closed at $127.69, extending its multi-week recovery and indicating a bullish bias on the daily chart.

The daily Relative Strength Index (RSI) reading of 63.25 suggests that buyers are in control, with room for further upside before reaching overbought territory. However, the hourly MACD crossover has turned negative, directly conflicting with the bullish daily momentum signal.

The company's aggressive treasury strategy and continued Bitcoin accumulation are driving the rally, which could extend towards the daily resistance zone near $128.37 if Bitcoin sustains its gains. The stock remains far below its 200-day moving average at $157.67, complicating the bullish narrative.