$OSTK Holding $20 Support - Playing for a near term bounce. Target - $25.00
NASDAQ:OSTK broadening wedge forming. I think it will go up eventually. Related names: OTC:OSTKO COINBASE:BTCUSD KRAKEN:XTZUSD NASDAQ:EBIZ AMEX:ONLN NYSE:W
BTC pumping, market pumping, Wayfair pumping, tech pumping.... this move is obvious.
NASDAQ:OSTK is forming a cup and handle pattern
It appears as though $OSTK is holding support above the 200 Day MA & potentially trading in a Ascending Triangle. The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the...
Bitcoin go up = Overstonks go up. Simple equation.
Unusually $OSTK bottoming process commonly coincides with periods of lower volume.
Upon dropping to 42 and approaching oversold territory, Micron has gotten some positive catalysts. A couple analyst agencies have upgraded Micron, bringing its Equity StarMine Summary Score to a surprising 8.9/10. Also, yesterday Micron filed a Form 4 indicating that one of the directors had purchased some shares. Unlikely though it seems to me given Micron's poor...
Overstock has crossed important 15M EMAs (21 and 50 periods EMAs), which have been key support / resistance indicators in the short term. Considerable upside could materialise.
Positive fundamental factors to consider: - Insider buying s.flashalert.me - SEC inquiry coming to an end www.foxbusiness.com - Working with Oppenheimer M&A to sell retail - Search traffic up 50% in Q3 twitter.com - Global rank soaring higher twitter.com - Dividend on the 23rd - 31% Increase in traffic from Overstock.com to payment processor twitter.com -...
Positive fundamental factors to consider: - Insider buying s.flashalert.me - SEC inquiry coming to an end foxbusiness.com - Working with Oppenheimer M&A to sell retail - Search traffic up 50% in Q3 twitter.com - Global rank soaring higher twitter.com - Dividend on the 23rd - 31% Increase in traffic from Overstock.com to payment processor twitter.com - Seeking...
In addition to what is highlighted in the chart, the low of yesterday bounced off of secondary cloud support on the daily chart. Positive fundamental factors to consider: - Insider buying s.flashalert.me - SEC inquiry coming to an end foxbusiness.com - Working with Oppenheimer M&A to sell retail - Search traffic up 50% in Q3 twitter.com - Global rank soaring...
Clearly oversold and days away from a dividend date of record. Shorts have borrowed all available shares with 65% of the float sold short.
The Bull Bear Trend oscillator back to bullish. As much as shorts will have you believe that there is no reason for them to be concerned they are already covering and the number of shares sold short is down 17% from the highs. Not covering here near the golden cross, 9% above the 200-day MA is very risky even from a TA perspective. Additionally, the date of...
As much as shorts will have you believe that there is no reason for them to be concerned they are already covering and the number of shares sold short is down 17% from the highs. Not covering here near the golden cross, 9% above the 200-day MA is very risky even from a TA perspective. Additionally, the date of record on the new dividend is only 24 trading...
The stock overcorrected due to the communication style of the eccentric CEO Patrick Byrne. The nature of what was communicated concerned shareholders but should have no bearing on the performance of the company. Search traffic is up meantime and the recent earnings conference call was positive. I see this as an overreaction on the part of many shareholders...
This is an entry opportunity, perhaps a little sooner than expected. Regardless of Patrick Byrne's public statements which may have created some concern even though they are unrelated to the company, ultimately this looks like a backtest of several levels of support which were previously resistance. The ADX and DI are still solidly in favor of the bulls for the...
$OSTK has a lot of momentum to the upside and yesterday's earnings call just reinforced this right as it breaks through weekly cloud resistance. Typically this indicates that there will be a continuation to the upside. I expect to see the price break 30.15 over the next few weeks and don't expect there to be much resistance beyond that until around $39.50...