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OSTK

OSTK breakout! Price targets and analysisOSTK has broken out of a bearish trend that has lasted since the highs of late August . I would expect price action to first target the support line at the .382 fib at 67.12 Looking at the gap we made in July of last year, i think we may go as high as 73.50 before too much real hesitation. This play has already matured substantially, but with a previous summer 2020 high of 128.42 and the pivot point at the 618 fib, we may end up retesting that area. This one may be played better in increments, using dollar cost averaging as a foundation in these lower areas, with an ultimate target in the 85-90 range. We are up 19% on the day already, so it would be wise to look for an entry on the retrace. 59-60 would be an area id look to test again if we do fall back a bit.
OLong
by TradingNomadic
#OSTK trade idea, looking for reversal patternLooking for support on the longer term lower trend line above 61.31 Id look at the trend line above it for a new resistance area until a possible squeeze above 71.33 A tight stop would be 59.11 and lower stops would be 55.12 or 50.85 depending on your time frame. Watch for volume to pick up with a RSI on the up. I dont expect this to be a quick play and i would definetely scale in because we could see more downside. The antagonist i would expect to perhaps trigger a continuation of that original trend would be heavy volume at the squeeze.
OLong
by TradingNomadic
OSTK to Re-Test $125 All Time High by DEC 2020OSTK is highly correlated with the price of BTC and with several fundamental crypto projects already well underway with OSTK's Alternative Trading System (ATS) that legally under SEC provisions trades crypto, it's price will begin an ascent back to the all time highs now that BTC fever is back on again and we are clearly in the beginning of the Crypto Bull Market. Pitchfork analysis is clear, OSTK is way oversold and this is a great opportunity to get in and play catch up with the surge in BTC's price.
OLong
by ich1baN
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