Jicka

Picking the top or being humbled

Short
NASDAQ:OSTK   Overstock.com, Inc
Overstock has definetly gone parabolic, 2500% in 5 months.

- Double Top
- RSI massively oversold and in line with previous parabola (though slightly early)
- Massive weekly panic buying candle


Perhaps the more disciplined play would be to wait for bearish RSI Divergence (yellow lines) but it feels like when this goes it will be fast.

Comments