OSTK:NASDAQ - OVERSTOCK COM - Got a buy signal. Long

Description

⋅ Sep 10, 2020 12:26 AM

Got a buy signal yesterday on Overstock so back in the trade again. RSI was well and truly in oversold territory and with the big gains on the DOW and NASDAQ last night the buying will hopefully continue. Ran REALLY well before its decline, so hopefully now that its back to a better value area might resume an upward trend. Worth a watch.

Comment

⋅ Sep 11, 2020 9:47 PM

Stock moved ~35% before big sell signal.

Comment

⋅ Sep 15, 2020 12:19 AM

Back in. As per comment below, I feel that the risk reward is so significant I'm happy to take a punt.

Comments

moonshot

⋅ Sep 10, 2020 3:37 PM

nice work - I finally programmed your indicator on a few stocks.

zAngus

⋅ Sep 10, 2020 9:59 PM

@moonshot, nice one. Hope you find some winners :) Markets a bit all over the place at the moment.

comprehensiveA81312

⋅ Sep 11, 2020 9:46 PM

@Angusmck, did you get a buy signal today?

zAngus

⋅ Sep 11, 2020 10:05 PM

@comprehensiveA81312, nope, but see answer below :)

SindubioJunior

⋅ Oct 1, 2020 7:30 PM

Great Bollinger band squeeze and pop!

Coltonfreddy

⋅ Sep 14, 2020 1:54 PM

Whatre you thinking today? Still good entry point?

zAngus

⋅ Sep 15, 2020 12:17 AM

@Coltonfreddy, got a buy signal so back in. I just think there is so much potential upside. See updated chart above.

comprehensiveA81312

⋅ Sep 11, 2020 9:36 PM

Any chance you got a buy signal today? :)

zAngus

⋅ Sep 11, 2020 9:53 PM

@comprehensiveA81312, nope. Big fat sell signal early today. But jumped 35% before the move back down so you would have kept around 15% in theory (depending on your entry and exit timing) because of the trail. Will look to roll the dice again next signal and hope it doesn't get NASDAQ'd. I added the updated chart above.