Triangles are a neutral pattern and are not valid until a trendline is broken with a trend in that direction.
The bottom trendline is support and OSTK has been hanging out there on the support line for a few weeks. This can also be looked at as a strengthening of this support level, but as mentioned, a triangle, symmetrical, descending or ascending can break either way. The 50 SMA is crossing down through the 200 today which is known as a death cross and is bearish. Moving averages are lagging indicators, as are analysts (o:
No recommendation
short interest is 11.63%
The bottom trendline is support and OSTK has been hanging out there on the support line for a few weeks. This can also be looked at as a strengthening of this support level, but as mentioned, a triangle, symmetrical, descending or ascending can break either way. The 50 SMA is crossing down through the 200 today which is known as a death cross and is bearish. Moving averages are lagging indicators, as are analysts (o:
No recommendation
short interest is 11.63%