MitchellRudy
Long

OSTK - Rebound to low 40's

NASDAQ:OSTK   OVERSTOCK.COM INC
Long period of selloff due to SEC complications about the tZero Cryptocurrency and Medici Ventures. There is a shortterm uptrend mostly confined within the regression trend, with two noticeable spikes outside of the field. We are currently at the base of the regression signalling a possible return to positive movement leading towards the 23rd at the target price of 41$ (a 10.8% potential gain). on the FA side the SEC has agreed to meet with the OSTK             team to discuss regulation proceeding forward, meaning the current lawsuits are unlikely to have longterm implications past the current Price suppression.

Current: 37
Target: 41
Stop: 35

Basis: Oversold due to SEC regulations and Lawsuit over past months, which on SEC confirmation of meeting together to discuss lawful proceedings. Low end of Regression trend with potential to move higher.

Comment: Bottom trend line looks to have been broken through today, still signs of cheaper entry as the stock bounces off 36.50 pretty handily. cheaper entry point and position still looking intact. Outlook remains the same going into Friday, will reassess.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out