The analysis focuses on MicroStrategy (MSTR), assessing its potential for upward movement based on Elliott Wave theory. The weekly chart suggests a possible rise to $800 or higher, contingent on the price staying above the April low of $234. A break below this level would reduce the likelihood of reaching the $800 target. The analyst emphasizes the importance of the $271 level, suggesting that a break below it would diminish upward pressure. The analysis notes a potential local low has been established within the $271-$299 support range. The presenter identifies a five-wave move up, indicating a corrective pullback, with a support area between $300 and $315.90. The analyst expects the next few weeks will clarify whether an ABC rally is underway or whether the price will break through resistance toward $700+. Resistance is identified between $348 to $417. The presenter prefers a larger 5-wave move to make the bearish case far less likely.