Long
OSTK Inverse H&S. Potential profit over 50%
Updated
Potential inverse H&S breakout.
The depth of head from neckline is over 10 points.
So, a textbook break out target is near 33ish. Which is over 50% profit.
Other factors to consider:
Short Percent of Float => 64.58 %
Short Interest Ratio (Days To Cover) => 5.4
Trading above 20, 50, 100 SMA on daily.
MACD positive and expanding.
RSI bullish.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
The depth of head from neckline is over 10 points.
So, a textbook break out target is near 33ish. Which is over 50% profit.
Other factors to consider:
Short Percent of Float => 64.58 %
Short Interest Ratio (Days To Cover) => 5.4
Trading above 20, 50, 100 SMA on daily.
MACD positive and expanding.
RSI bullish.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Note
It may see resistance near 200 SMA. Beyond that there isn't much until 31+Trade active
20.25
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.