OVERSTOCK COM INC DEL Stock analysisCompany: OVERSTOCK COM INC DEL
Quote:$OSTK
BT: $20 Second allocation will be between $10-$14 pending how the stock trades this month expecting to be a very bearish April for OSTK
ST: $40-$60 (A range nothing ever goes exactly to plan however we believe ultimately we can reach this high this year.)
Description: Overstock.com, Inc. operates as an online retailer in the United States. It operates in two segments, Direct and Partner. The company sells its products and services through its Internet Websites located at overstock.com, o.co, o.biz, and Pet Adoptions and Worldstock.com, as well as through third-party logistics providers to international customers. The company was formerly known as D2-Discounts Direct and changed its name to Overstock.com, Inc. in October 1999. Overstock.com, Inc. was founded in 1997 and is headquartered in Midvale, Utah.
Medici Ventures manages Overstock.com’s investments in firms building solutions leveraging and servicing blockchain technologies.
Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc., created to manage and oversee the company’s investments in firms building solutions leveraging and servicing blockchain technologies. Medici Ventures has a growing portfolio of groundbreaking new companies and tech businesses.
Short Interest:
Short Percent of Float 68.36 %
Short % Increase / Decrease -4 %
Tapes last week: 1/5 More bearish and only going to get worse during this month
Wednesday
VIX Spikes (Normal Spikes with Decay harmonic) VS NowA 2008 style VIX superspike is currently building into this market, It has not finished it's double top.
This is the same VIX analysis except the spike to the left is described in it's normal Double-Top with a 1,2,3 decay harmonic.
50/80 Double top can be realistically expected shortly ..
With it 1500 point drop in the DJIA could easily be expected.. And VERY shortly in 1-5 trading days..
GBPJPY: Important Zone Right Now Good morning everyone,
we are looking at the current price of the GBPJPY pair. As you see price is on a major 4h trend line right in a consolidation zone there (marked as always in yellow boxes). Also on lower frames like the 1h it formed a nice reversal candlestick wick down and this is were we entered. It was like 30 minutes ago. Please be aware that this is a swing trade and another fake out below the trend line could easily happen.
See you in profit guys!
GBPAUD: Moving Strong Into Strong Resistance Good Afternoon Everyone,
we are looking at the GBPAUD chart on a daily time frame right now. I was short this pair last week when price formed the first high with divergence. It was clear that there will be a pullback, but i was not sure how high it will go. Honestly it was way too high. Price broke my trading expected structure and run straight up with a new high, sitting right now in a huge resistance area. I do not really believe in this move, could be only another retest and maybe we see price tomorrow coming down again. Just wanted to share this chart and lets keep an eye on this...
BTCUSD Bitcoin Key Levels for Wednesday TradesBitcoin Wednesday Update Key Levels Today
Altough we made over 500 points on the downside yesterday
and 200 or so on the upside the last long from from 10755
went wrong and we were stopped out for around a 50 point
loss. Sorry for that one.
Bitcoin has since fallen away and back down the same
parallels after making lows at 10400 on Bitfinex in Europe. A
little morning buying interest has pushed Bitcoin back up to
retest the upper parallel and it is trying hard to break above
it now. But it's still too early to think about a long from here.
Need to see it break higher still and reclaim 10625 on Bitfinex
to trigger a long now, looking to buy the next dip once 10625
is beaten with stops 125 or so lower. Until then, no long trade
looks feasible right now.
And on the downside Bitcoin is still stuggling and vulnerable
whilst trapped within the parallels of the impulse wave. A
break below 10400 here by much more than 10 points will tip
it back into bear hands and force it lower still, down through
the blue support lines as low as 9285. A potential long trade
set-up and also a big short if triggered too. The chart will
decide the next move and trade for us from here. We can
follow.