OSTK If you took this short with us from $60 ( posted on tv ) it's probably best to cover now ( as we have ) in this $17 area - this trade has been a major home run and this name could even drop as low as $8 but why risk the major profits you now have. #stocks #trading #fintech
Wanted to chart this with AMD!
- Take Profit Levels are CLEAR
- Stop Level is CLEAR / Always use STOP LOSS! :)
Take profit around levels right before Daily Closes...
- OSTK typically correlates in relation with BTC
- Keep an eye on BTC price movement if you are in an Overstock position...
All - Love
OSTK is back at prehype prices, so buying it becomes way less risky. More downside is still possible but the risk reward is decent.
I see it as a bet on the success of security tokens (tokenized stocks). I have no doubt that securites will be settled on a blockchain in the next decade because it turns them into digital native assets.
Imagine you want to write a ...
As we can see from the above chart, overstock as been down significantly since its peak in February. Since I began analyzing this stock, it is clear that it runs closely with the cryptocurrency market as it announced it would be implementing this on their online platforms (blockchain and cryptocurrency capabilities). After diving deeper, I believe this stock will ...
OSTK came down to retest the .236 (Fibonacci) and should go up from here.
Recent price history looks like an oval. In terms of physics, price should go up at the same velocity from which it came down from (potential energy) and we take gravity into consideration.
Possible cup and handle here. EITHER WAY OSTK TO THE MOON