Donchian Channel crossovers can be great trades, here the catalyst is earnings and a big short interest. Shorts have been squeezed in Zillow before, do not be surprised to see a 15-20% intraday move in either direction. Price action is healthy coming off the bottom of the channel. Long $Z
Overstock is getting interesting again. Previous trade in January was successful, albeit $24-28 range was not hit. This setup is possibly more bullish, especially for long term investors/traders. Double bottom forming in support range and at key Fib retracement level, RSI is also oversold. Shorts have been making a great trade here, but its long in the tooth,...
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!
Time 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 $15.50
Between Dan Morehead of Pantera calling the bottom and this beautiful symmetrical triangle, I am a $BTCUSD Bull. Good Luck Trading.
Shorts still fighting the good fight. After Thursday's reversal and crossing of the Donchian channel's middle line, OSTK looks poised to test the top of the channel and follow through higher after making a double bottom in April. Looking for mid 40s at least, one month time frame. Good Luck trading.
Traders 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...