5th waveabc and 5 waves up to d is how I think this will play out.. Just my thoughts.. 5th is coming soon
BYON trade ideas
Long OSTK, contrarian swing, 2 week time frameTraders are overwhelming Bearish and shorting $OSTK. Great profits have been made and today borrow costs were again increased. I believe a near term bottom is in sight, as the stock has trade to technically oversold levels as measured by RSI. Should Crypto's rally significantly, or ICO investigation is completed, or e-commerce biz is sold, shares will trade materially higher as shorts buy shares to cover. This is a contrarian idea, as momentum and setiment remains strongly bearish. PT is 40, time frame is 2 weeks. Stop loss is down 7% or $29.29
Good Luck Trading.
Head and ShouldersCharts are indicating bearish direction, especially with the head and shoulders setup. With the $40 mark unable to hold, it looks like we will see lower prices from here.
$OSTKdo you not realize this company does not have money and have been dishonest in BO rhetoric to keep stock price high. CEO should be jailed for deceiving comments
$OSTK Looking for a 50% DROP in this name eventually to $25$OSTK this name is headed for a SEVERE DROP of over 50%
Wall Street Pump and Dump Game at its FinestWhat a beautiful money making scheme Wall Street has mastered!
$ostkPB will have to come clean on BO that all are focused on. Very difficult to believe BO when Wayfair was taking share from them. Poor platform and none competitive. Platform can be easily duplicated. No one needs to buy them. This company is insolvent, IMO. Just look at the none arms length loan that they converted to family members from a solid banking arrangement... Higher interest rate given to family and interest only payments. Clearly that is a company that cannot meet it's obligations. Don't be fooled. I have been taken before and the SEC should be investigating, IMO. Stock has massive H&S
Overstock short setup
Overstock second head and shoulder break. lets see how deep it will go.
First we speculate to see the retest of the neckline. Then it should tank a little bit.
Please make your own research for how deep it could go, but i wouldn't mind see it in the low 30's.
Like always
May the markets be with us
UNDERSTOCKED? Blockchain Hypetrain DerailedOverstock had a big big run into the winter with blockchain and ICO talk.. tons of new money jumped in thinking it would be the blockchain darling of the street... No real earnings and the tail-wind risk of being a 'blockchain only' company puts a lot of risk-on when holding that.. it seems to move at the mercy of the crypto markets.
Right now crypto & bitcoin market caps are bleeding in a overdue correction, couple that with the SPY & NQ pullbacks today and i can see this re-tracing back to $51 and $42 potentially.. Long term i think they can find their footing but the $80 valuation was nutty
Overstock(OSTK) Head and Shoulder PatternI am no expert by any means and had fun with this one. This is my first time using TradingView and it is going to be so handy in the future! I have been studying numerous patterns/trends and wanted to potentially illustrate a head & shoulder trend in Overstock. Hopefully, I can become much more tech savvy with this and create a more detailed analysis.
Summer is calling OSTKNotes are on the chart. Please ask if anything is confusing. Movements are dependent on bitcoin hitting certain milestones - 12k (like now), 14k (in the next two - 4 weeks) and 17k in mid-late April. I'll be using this chart for any updates.
OSTK: Possible Support After SEC Probes Into ICOs3.2.18
The sec probes have added uncertainty to many bockchain companies with icos and this has negatively impacted stock prices. The fear in the market, however, is unfounded since the findings of these probes has yet to be released. the SEC's actions seem to be precautionary and are not specifically targeting bad actors. This means that retail investors may be able to buy ostk at a significant discount in the short term.
The market seems to be going sideways, and makes swings for those having bought in around 60/share a bit uneasy. The market could head south out of fear and uncertainty. uncertainty with the sec probe and earning for last quarter. the earnings may be negatively impacted by the btc/bch debacle, which could have lost ostk quite a bit of money. A bounce off the 50 LEVEL is hopeful, but if this breaks then be looking for a return to the 40 mark. This is assuming no affirmatively bad news for the company.
If there is a bounce up be looking for new resistance around the 56 level gap. None of this is trading advice and is only the opinion of a retail investor. You are responsible for your own market decisions.
OSTK Long ideaOSTK is into BITCOIN. OSTK is forming a H&S pattern than is now complete. It is forming a pennant currently and should break higher. A stop could be placed just below the lower pennant line.
