Symmetrical TriangleTriangles are a neutral pattern and are not valid until a trendline is broken with a trend in that direction.
The bottom trendline is support and OSTK has been hanging out there on the support line for a few weeks. This can also be looked at as a strengthening of this support level, but as mentioned, a triangle, symmetrical, descending or ascending can break either way. The 50 SMA is crossing down through the 200 today which is known as a death cross and is bearish. Moving averages are lagging indicators, as are analysts (o:
No recommendation
short interest is 11.63%
BYON trade ideas
$ostk holding the support line wellWith all the choppiness and fear of a correction OSTK is still hanging on to support. If it closes below... I will get outt. Still optimistic for a bounce soon.
OSTK wedge breakout this coming weeksI know it seems too early to say but I believe $OSTK will successfully breakout of this wedge this time round. It has tried and failed several times previously. I like to buy near support so I already have a position to manage. And If the breakout is not successful this time I will get stopped out at double digit upside. But honestly with small mid caps starting to look strong I believe a rally will come.
US - OVERSTOCK.COM - Aug 2021- Currently forming Double Bottom pattern. However it is still not able to break neckline resistance.
- Once the neckline is break, it will move higher but if it failed, it will go downwards to support.
- Last night resistance testing was failed and the candle forming Bearish Pin Bar.
- DMI indicating the uptrend is already started.
- Stoch is headed to overbought region but if it stayed in there without breaking downwards, it will be trending.
- The low risk move for Long is to wait it to break the neckline.
- if it able to break, it is advised tp use the Purple trendline to exit and re-entry.
"Market is always right"
When in doubt, zoom outQ2 results where fantastic for Overstock, however the price dropped significantly (price action dominates in the short term). I believe this is due to the corrective structure of OSTK: we are likely in a wave 4, and starting to push for a wave 5 any time soon.
Fundamentally, OSTK is significantly undervalued, mainly because of its crypto platform tZERO. Crypto is not a joke anymore: we have seen institutional investors starting to pour money into Bitcoin, Ethereum and NFTs this year.
I believe that businesses like tZERO are going to scale like crazy in the next 3-5 years. If the management executes its plan properly, I see OSTK being worth 2x-4x of its current price a year from now.
Disclaimer: this is not financial advice. I'm an amateur investor. Trade at your own risk.
OSTK Snapback/BounceOSTK has had 6 consecutive days of selling off, putting it into overextended territory to the downside and oversold on stochastics. This has fallen right into a support zone while being extended as well, this leads me to believe there will be a relief bounce back to the 73 level.
Trading opportunityPersonally, it is not one of the companies that I like the most, but it is one with which I have traded the most.
Today I will open a position in $OSTK, we cannot deny that graphs are really clear
We will se what happens
Stay safe, stay strong
Sinceresly, Nacho
Not an advice of investing
US - Overstock.com - Jul 2021- nicely forming pennant pattern.
- first 2 summit in PINK could be the Corrective Phase.
- The last smallest summit in BLUE could be the First Wave.
- Second wave is currently at Fibo line 0.618.
- Since DMI+Stock (Daily & Weekly) is going downwards, high probability price will stay just above the support trendline for a while.
- however, the next movement either breaking trendline or breakout, it will be determine by earning outcome.
- if it stays at support trendline, it indicates that initial stage of wave 3(the strongest wave)
- RED resistance line are for reference to exit and re-entry.
"Market is always right"
trendline support? check! potential reversal to upside herevery nice trendline support for here on OSTK, this is where smart money is clearly loading the dips. not a fast moving so id go with shares over options especially in this choppy market! look for a test of 90 in the future. remember to trade safe, good luck. dont forget to like and follow if you enjoy my ideas <3
I won't be surprised if we see a couple hundred per share+: OSTKI'm long from 75 but think it has a lot more room. Let's see if we could close above 95 at the end of this month. It'll be be big
OSTK to $103.OSTK looks real nice if $97.16 holds. over $97.16 and i'm looking at $99.30 followed by $103.74
OSTK (Short term bearish) longFormed a symmetrical triangle since last august. I think this the last trip to channel bottom at 74$ before a breakout that could possibly occur around earnings. I think this breakout will take us back to ATH 130+..
showing 3 black crows candlestick pattern, doubletop if it breaks that white trendline. short to 75$ , cover and go long into earnings
when it goes oh baby it'll go not only is Overstock a fantastic business but they also own a very large crypto exchange
their last earnings was mainly the business not crypto
if it breaks out the pennant it'll fly so high
a reason it's my biggest position
Huge Bull Flag on the weekly chartHuge Bull Flag appeared on the weekly c. We also have an uptrending channel on the daily chart.
I think it will break out sooner or later.
However it might correct it-self before the breakout.
Stop loss: under: 59.61
Resistance: 116.43
Price target: 186.19
$OSTK Breaking longer term downtrend?$OSTK breaking out of longer term downtrend with volume up 168% early in the day. Ideas, not investing / trading advice.
Overstock: Timeline of events that lead to the short squeezeMany people are drawing comparisons to the Overstock (OSTK) special dividend and the one predicted to come for Torchlight (TRCH). This shows some of the catalysts that lead to the Overstock squeeze.
OSTK 6th test breakout w/ Rebound waveOSTK has recently pulled back from testing the 80-81 level of support. It is also posting higher lowers going up the support channel showing Rebound waves. I think on the 6th test of this, it will breakout all the way to the 88 range. With each test of resistance supply gets taken out making it more likely there will be momentum buying.
