Inverse Head and Shoulder Inverse head and shoulders with price breaking through a key resistance at 21. Target is 28 then 31. OLongby Market_Psychology220
OSTK Inverse H&S. Potential profit over 50%Potential inverse H&S breakout. The depth of head from neckline is over 10 points. So, a textbook break out target is near 33ish. Which is over 50% profit. Other factors to consider: Short Percent of Float => 64.58 % Short Interest Ratio (Days To Cover) => 5.4 Trading above 20, 50, 100 SMA on daily. MACD positive and expanding. RSI bullish. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** OLongby kamisaj111Updated 4
$OSTK $100MM Makara, GSR investment due diligence processingIt is interesting to me that the price dipped at all. It looks like many traders are confused about the meaning of what an MOU is. Donald Trump recently was confused about it when the term was being used for the document spelling out the trade agreement with China. www.stockme.info Regardless of that, it looks like the wider ABC corrective wave is now complete and found support on the cloud a second time at $17.25. The chart above shows what the next impulse wave may look like while folks digest the impact of a $100 million investment in Overstock subsidiaries tZERO and Medici Ventures leading up to earnings.OLongby blloyd3
What the current $OSTK impulse wave might look likeTo understand the recent low volume selloff take a look at a Bitcoin chart. The price has seen a corrective move back to support. While OSTK is highly volatile this price level will likely hold before the next leg up to $24.80 - $25.00. The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications. Healthy traffic levels on overstock.com over the last quarter are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their markets of tokenized securities, land titles and voting on the blockchain. Short interest is maxed out. The possibility of an announcement this month or next having to do with the sale of the retail operation coupled with the possibility of a venture capital investment in their blockchain startups gives OSTK a lot of upside potential and the market is taking notice.OLongby blloyd3
$OSTK bounce off cloud support, bullish Senkou span cross.To understand the recent low volume selloff take a look at a Bitcoin chart. The price has seen a corrective move back to support. While OSTK is highly volatile this price level will likely hold before the next leg up to $24.80 - $25.00. Today appears to be critical but the uptrend still holds even below these levels, if the cloud support does not hold the next level of support is $16.38, this price will also coincide with secondary cloud support in a few days. The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications. Healthy traffic levels on overstock.com over the last quarter are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their markets of tokenized securities, land titles and voting on the blockchain. Short interest is maxed out. The possibility of an announcement this month or next having to do with the sale of the retail operation coupled with the possibility of a venture capital investment in their blockchain startups gives OSTK a lot of upside potential and the market is taking notice.OLongby blloyd2
#Overstock low volume selloff, uptrend still holds. $OSTKTo understand the low volume selloff take a look at a Bitcoin chart. While OSTK is highly volatile $18 will likely hold before the next leg up to $24.80 - $25.00. Today appears to be critical but the uptrend still holds even below these levels, if $18 does not hold the next level of support is $16.38. Healthy traffic levels on overstock.com over the last quarter are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their markets of tokenized securities, land titles and voting on the blockchain. Short interest is maxed out. The possibility of an announcement this month or next having to do with the sale of the retail operation makes OSTK even more interesting and the market is taking notice.OLongby blloyd4
(8)OSTK Long Looking like bottom is in looking to hold S at $19 and 50 day MA and holding above 50RSI. Stock has good swings and its interest in blockchain/Tzero news could introduce hype over the next year or 2. good R/R If I get a good intra day entry around 19 would reduce risk greatly(higher stop) at this point looking for a wick down to 19 and to maintain trendOLongby merchtank19Updated 0
Gap now closed $OSTK headed to $25Today's move was the bottom of wave 4, wave 5 takes the price to $25.OLongby blloyd3
$OSTK on a faster upward trajectory now $24.80 nextWhile OSTK is highly volatile it found support above the 50day EMA and is maintaining the uptrend. $19 will likely hold before the next leg up to $24.80. OSTK now has a bullish EMA 25 over 50 cross as well as MTF momentum having realigned to the upside. This next move will not take long and will likely break the pitchfork to the upside. Healthy traffic levels on overstock.com over the last quarter are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their respective markets of tokenized securities, land titles and voting. Short interest is maxed out. The possibility of an announcement this month or next having to do with the sale of the retail operation makes OSTK even more interesting and the market is taking notice.OLongby blloyd6
Long OSTKExpecting a Weekly breakout for OSTK Entry: $16.62 Stop loss: daily close below $17.23 Target: $24 (30%+) OLongby rifathasanUpdated 224
$OSTK center of uptrend pitchfork above 50 day EMA $24.8 next While OSTK is highly volatile it appears to have found support here above the 50day EMA and to be maintaining the uptrend. $18 will likely hold before the next leg up to $24.80. Healthy traffic levels on overstock.com over the last quarter are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their respective markets of tokenized securities, land titles and voting. Short interest is maxed out. The possibility of an announcement this month or next having to do with the sale of the retail operation makes OSTK even more interesting and the market is taking notice.OLongby blloyd6
Long OSTK, Target $24-28.OSTK remains heavily shorted. The fundamental story looks to be changing quickly. Uncertainty creates opportunity. Potential Inverse Head & Shoulders. I have positions at $14 and $17.25. Target represents about %50 upside from here. Stop Loss at 15.50 or down 10p from the close. Good Luck! Oby B-17Updated 5
$OSTK Low Time PreferenceWhere will OSTK be in January 2020? Love the R/R on this one...OLongby jhonnybrahUpdated 3
tZERO Launched, looking good if they can spin out retail.Overstock has a lot going on an is changing business models. Some targets for you guys if things go according to their plan this year.OLongby Not_Han_SoloUpdated 5
$OSTKBreak on MS level could lead to daily OB.If $OSTK fails to breakout, we'll retest previous MS supportOby DarioTrades3
OSTK squeeze setup over 19.80Working on a breakout over $20 area. News today and rumors of sale of retail business should lead to a big move...$$$$$OLongby tannerleary0
Long OSTK, potential inverse head and shouldersTime Period 1-2 Months Traders can wait for the right shoulder to fully form before entering the trade or buy around the low of the left shoulder. Stop loss at $15.50Oby B-172
$OSTKHOPE THE SHORTS ENJOYED THEIR DAY IN THE SUN YESTERDAY FIB KIDS BACK AT WORK TODAY BOUNCE AT .382 $OSTK PROFESSIONAL ANALYST TARGETS ARE AT $75 PROFESSIONALOLongby jhonnybrah4
Huge volume increase, Positive Catalyst, Open MACD, RSI CleanThe launch of the tZERO token cryptocurrency has only been trading for a few days. This is a strong catalyst event, as speculation directly in crypto assets has produced huge % gains. Indirectly speculating through buying OSTK is a way into the crypto markets without as much risk. The RSI is not oversold, MACD on the daily chart shows a strong green candle with room for further growth. Resistance was broken through and tested on Friday, so the first few trading sessions of this week will be available for day-trading gains. I'd watch for a pullback to re-test the resistance on Monday before taking a position. Oby namastay3
OSTK really gets going over 20.30....50% short interestNew Tzero platform launch is a huge catalyst for this company and should attract institutions. Long $30 PTOby tannerleary4
$OSTK Overstock Fib RetracementSeeing decent fib level action with $OSTK. It could break down after recent spike. OShortby Crypto_NewmanUpdated 0