OSTK - Long with a great R/R ! for NASDAQ:OSTK by ElliottWaveBelgium

trendanalysis waveanalysis beyondta ostk riskreward long elliottwavebelgium

OSTK - Good looking chart with a great R/R. It will need to be managed if it advances so that we know if this is a 3 waves move or the start of a new bullish impulsive wave.

The red 200MA and the lila anchored VWAP need to be broken for this to have a sustained move higher.

Comment:

I'm long this one but beware, we could actually get a Flat correction here meaning the rise we are seeing is just wave b of the said Flat wave ii !

I actually would love that to be the case, even if I get stopped out because that would give a fantastic long opportunity with minimal risk !!!

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