ScotianBot

Is OSTK trading in a bullish flag or descending triangle?

NASDAQ:OSTK   OVERSTOCK COM INC DEL
Overstock appears to be trading in a bullish flag or a descending triangle , notice the downward red line of sloping resistance & the green horizontal line represents the baseline of support, but if breached this pattern is likely a descending triangle .

If the descending triangle plays out I'd expect to see the blue upward sloping line potentially act as support, this could start to form a ascending triangle depending upon how the bullish construction looks on the chart forms over the next few days.

Comments

so are you bullish or bearish on the stock?
+2 Reply
Descending Channel?
+1 Reply
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