OSTK Swing Trade Idea
Waited for OSTK to come back to the 9.4 - 10.4 range and with the strong reversal and MACD cross on the daily - historically this has been a strong indicator, at least as of recent.
Lots of concern still around this entire company and the day or day operations coupled with their vision / side investments but worth it for a small swing with the rest of the market being dragged down by political / international concerns. Tight SL set w/ entry at 10.4....
Trying to make some dry powder in a sea of red can be dangerous but past 48hrs has shown incredible strength, let's just hope it continues.
PT1: 14.5
PT2: 21.10
PT3: 26.79
Will trim as we move up or let the SL do its job. Trade wisely - GLTA
Lots of concern still around this entire company and the day or day operations coupled with their vision / side investments but worth it for a small swing with the rest of the market being dragged down by political / international concerns. Tight SL set w/ entry at 10.4....
Trying to make some dry powder in a sea of red can be dangerous but past 48hrs has shown incredible strength, let's just hope it continues.
PT1: 14.5
PT2: 21.10
PT3: 26.79
Will trim as we move up or let the SL do its job. Trade wisely - GLTA
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