Unusually $OSTK bottoming process commonly coincides with periods of lower volume.
A US manufacturing recession may be upon us. Gold breaking out of the parallel downward channel and headed back to $1500. If $1483 holds as support in the comming daysI expect to see 1620 by mid-november.
The manufacturing recession in the US was unexpected apparently.
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...
As mentioned in the chart linked below $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...
$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...
The RSI is showing there is a lot of room to run. The next target is $16. Support is at $12.
The daily Ichimoku cloud is the mean to which the price of bitcoin will likely return, either through a near term price drop or through time if the price were to stay in this range through the first week of July. If there were to be an edge to edge move on the daily cloud I would expect to see the price go at least as low as $5600. If the daily cloud support...
The 24 Sidereal month EMA is where the 2015 parabolic move corrected to. However, I personally would not feel comfortable in a short position past $6350 and will probably take profits at each support level on the way down. In my estimation, there will be a bounce between $7100 and $6900 but it will continue the downward path in the third week of the month. $6200...
The situation with China and now Mexico tariffs will be drawn out, there may be two rate cuts but the Fed will wait for the data to support it, meantime we will see more volatility. I may look to flip the trade if there is very clear resistance at the cloud and .786 fib.
As stated in the previous post, bitcoin is, in fact, bouncing back and will likely see $8100 and even a wick to $8200. If it does go above that I would be surprised but anything is possible. A 4-hour candle closed below the uptrend parallel channel but the daily candle closed well inside of it. I still believe that the uptrend CAN resume within this channel but...