Long
#Overstock $OSTK demonstrating strong cloud support once again
It looks like this could be the bottom of wave 2 of 5 in this impulse wave pattern.
Wave 1 topped out at $23.40. The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications.
A close below $16.70 could spell trouble for the uptrend, however.
Wave 1 topped out at $23.40. The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications.
A close below $16.70 could spell trouble for the uptrend, however.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.