Don't get me wrong I love Wayfair, but I have to play both sides. I think this is forming a diamond top here and could crack out the bottom. However, it is a weekly cahrt It think it may bounce up one more time before cracking below. Let me know your thoughts. Diamond tops are tough.
Will update later.
SPY going below 413 could cause these stocks to drop...
OSTK's earnings are fast approaching, it'll be interesting to see if there's any bullish momentum from the numbers.
Since early January this year up until today, the blue upward sloping support of the pattern has held forming a series of higher lows & an Ascending Triangle.
On the KST there's a bullish cross where I've placed the blue finger.
The DMI is...
Overstock.com, Inc. operates as an online retailer in the United States. It operates through the Retail, tZERO and Medici Ventures segments. The company offers furniture; including area rugs, bed and bath linens, home improvement, kitchen and dining room items, and other related products.
Among the most recent to Overstock, we have tZERO, a leader in blockchain...
OSTK appears to be consolidating into a giant bullish flag drawn in blue.
On the KST there was a bearish cross where I've placed the red upward-pointing finger. I have placed a blue question mark to represent where a bullish cross is potentially going to occur near term.
It's always possible this pattern plays out bearishly as a descending triangle, and if that...
Temporary failure to launch. Landing pad approaching on either of the lines below, today marks a great entry if you're not aboard. I like a large opening position here at the 66-70 range. Save dry powder for a potential 58 blip or below to lower triangle and/or 200-smma. Lock and load!
Ramp back up into earnings 2/24? Q4 '20 should be a blowout quarter, but better than expected?
The trend seems likely, but what about after? Long floor because of more confidence in t+0 trading platform and blockchain, or sell the news event? Or some combination of both?
Disclosure: I've been holding longs since 2019-2020.
Has consolidatied since September and has since bottomed, and recently broke the $85 resistance, is above the VWAPs from the lows and the August high, has earnings coming up, is coming off a massive volume shelf, and it's positively correlated with tZero, which has also bottomed and is coming out of that.
OSTK has a cycle and huge structure which can go up...