Still seems nutty to think this thing is gonna go up farther without a pullback but that volume has been nutty too so i'm along for the ride but watchin it pretty close. Closed over the daily 200 ema again today and I would love to see $25 but bailing in this range ain't that bad either
The RSI is showing there is a lot of room to run. The next target is $16. Support is at $12.
Whoa, this may end up going Very, Very, Very Parabolic in the next few years.
A higher low and a higher high would confirm that the bottom is in. Nasdaq just made a higher daily high and the S&P 500 is back above the 200MA.
Patrick Byrne's stock sale to cover personal obligations induced capitulation in the stock price. Subsequent insider stock purchases have made it clear that this was not a sale induced by anything other than debt obligations. As seen in the chart, mean reversion is overdue and probably being held back by a continued downtrend in the entire market. With the S&P...
OSTK has seen capitulation many times over the past 15 years. The small float makes it an easy target for mid-tier short sellers who can help it maintain a downtrend relatively easily compared to higher float stocks. These long downtrends usually end in capitulation, well below the estimated valuation of the company. It is common for there to be a shallow (in...
Confirmation comes as the RSI makes it above 50 on multiple timeframes. At the moment it looks very much like a bottom with bullish RSI divergence.
Explanation is provided in text boxes on chart.
Confirmation will come as the RSI makes it above 50 on multiple timeframes. At the moment it looks like a bottom with bullish RSI divergence.
Both the RSI and the Fibonacci retracement levels on the way down suggest that OSTK may be bottoming here.
Overstock forming a declining wedge with not much downside based on technicals.
...uptrend on the daily chart is confirmed above $17.50
Mean reversion takes it back to the cloud.
Bullish divergence on the RSI
Cloud resistance is at $17.60
Looks like a short covering/entry opportunity.
The activity today is reminiscent of some of the stop hunting you see in crypto markets.
It looks like this could be the bottom of the ABC correction wave which started at $23.40. The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications. A close below $16.70 could spell trouble for the uptrend, however.