While OSTK is highly volatile it found support above the 50day EMA and is maintaining the uptrend. $19 will likely hold before the next leg up to $24.80.
OSTK now has a bullish EMA 25 over 50 cross as well as MTF momentum having realigned to the upside. This next move will not take long and will likely break the pitchfork to the upside.
Healthy traffic levels on...
While OSTK is highly volatile it appears to have found support here above the 50day EMA and to be maintaining the uptrend. $18 will likely hold before the next leg up to $24.80.
Healthy traffic levels on overstock.com over the last quarter are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici...
OSTK remains heavily shorted. The fundamental story looks to be changing quickly. Uncertainty creates opportunity. Potential Inverse Head & Shoulders. I have positions at $14 and $17.25. Target represents about %50 upside from here. Stop Loss at 15.50 or down 10p from the close. Good Luck!
The launch of the tZERO token cryptocurrency has only been trading for a few days. This is a strong catalyst event, as speculation directly in crypto assets has produced huge % gains. Indirectly speculating through buying OSTK is a way into the crypto markets without as much risk.
The RSI is not oversold, MACD on the daily chart shows a strong green candle with...
wait for 12 to 8.50 to go long... looks like a big bear flag.. I love this company and what they are doing with block chain but this can take a year or 2 to really take off
so be patience... scalp long at 12 but use stops manage your risk
Overstock took a beating the last couple weeks. It still is riding the downward channel and is climbing back up to the resistance line of $15.73 over the next couple of weeks. Perfect time for an Iron Condor to collect some money off of writing calls & puts.