OSTKreckon Overstonk inflects on this -63%, esp. with BTC pamping, which means point of maximal financial opp ANON; line in the sand is 48.50
OSTK
OSTK Setting up for 81Up on nice volume today if its hold this area then next resistance 81. Good setup for PL ratio.
OSTK- Coming back down to earth FASTThe moment we have all been waiting for.
Sooner or later, fundamental and reality will catch up to you.
Buy OSTK for that quick rebound play in the demand zone.
Make sure you take profit aggressively once you hit your target lvl because OSTK is only good for the swing trade.
OSTK cup and handle Not sure if this counts as a cup and handle as it already broke out of the cup previously but earnings are Wednesday morning and I expect them to blow the doors off.
$OSTK Overstock.com - Reversal Into Earnings$OSTK Overstock.com at a possible buy point today finding support around $67. Green candle tomorrow should be confirmation.
Earnings upcoming next week. Reported a great quarter back in July and the stock proceeded to more than double in 2-3 weeks. Not saying that's going to happen again, post-earnings reactions can always go either way but I am bullish.
Near term target: $85.00 (Could easily see $100 by mid-November with another solid ER)
Note: This is NOT investment advice.
10/19 OSTK Earnings IdeaI have been following this one along with BIGC for quite sometimes dont know why I haven't shared this before.
I noticed the end of the week candle closed at the bottom of my ascending triangle.
With earnings 11/8? I hope we bounce and began that run up.
Don't mind my pitchfork I am trying them out instead of Fibs.
As always I look forward to your comments for or against my ideas.
OSTK short ideaOSTK break uptrend line.
Now got support on 50MA. in case it will break down the 50MA, it will trigger a short position with 1:2 risk-reward ratio.
take profit @64
stop loss @84
OSTK Losing MomentumNASDAQ:OSTK Has lost its upward momentum. As this stock begins to form lower highs, and holds the 50 day SMA as resistance it could break its upward trend channel. If it holds below 82.57 I believe it could retrace to the 72.10 if the trend channel is broken on the downside. However, a couple of strong bullish days and a break of 89.90 could prompt more buyers to step into the market and cause a test of resistances.
Ride the Rally of OSTKOSTK is getting over its early accumulation stage.
It is a consolidation at Fibonacci 50% with high volume, significant volume is adding up the fuel for incoming rally.
1. the previous gap up has good support zone, that was well being respected since that.
2. Point of control is an evidence of high volume cluster, where accumulation stage has held.
3. Fibonacci retracement 50%
Let's FLY...
OSTK, enters Downtrend as Momentum drops below 0 level 09/30/20This indicator may be signaling that OSTK's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. Tickeron A.I.dvisor backtested 91 similar cases where OSTK's Momentum Indicator fell below the 0 level, and 74 of them led to a successful outcome. Odds of Success: 81%. Current price $80.60 is above $22.30 the highest support line found by Tickeron A.I. Throughout the month of 08/28/20 - 09/30/20, the price experienced a -25% Downtrend, while the week of 09/23/20 - 09/30/20 shows a +2% Uptrend.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 30, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on OSTK as a result. Tickeron A.I. detected that in 74 of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 81%.
The 10-day Moving Average for OSTK crossed bearishly below the 50-day moving average on September 14, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. Tickeron A.I. detected that in 11 of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 84%.
OSTK broke above its upper Bollinger Band on August 17, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Ascending Triangle for OSTK?Since my previous post on OSTK linked to this chart we have seen some support on the KST & a bounce back into the descending channel.
Where I had a question mark before on the KST is now another blue finger icon representing a micro bottom.
The RSI has additionally bounced back into what was a descending triangle, it's possible we see this play out as a bullish flag or inverted H&S, I've placed a blue body to represent the head of the pattern, notice the right shoulder is squeezing into the end of the descending triangle.
Bear Flag in OSTKLooking like a continuation pattern for OSTK. Having some trouble getting above the 50-day moving average. Good short opportunity
If D.E. Shaw has 5% ownership on OSTK; shouldn't we have some...NASDAQ:OSTK
📌Everyone, #sorryNosorry not much to add, D.E. Shaw is building up a position so I want to have some too. No need to get so complex when picking equities, flow baby...like water :)
Yes, one more thing...
📌Peter Keith, Sr Research Analyst at Piper Sandler, has an "OVERWEIGHT" rating on Overstock.com and PT 140$ per share. He thinks NASDAQ:OSTK valuation remains "highly attractive."
Well, at least he is not seducing us with Tesla, so I am sold.
⚒Osu⚒
José Ricaurte Jaén
War Room 1985 - Analyst
Potentially an Ascending Triangle forming for OSTK?It appears as though a Head and Shoulders on the RSI & KST has already played out to the downside, notice the blue Descending Triangle with the red colored lines representing the H&S on the RSI.
Investors should acknowledge that the previous CEO of Overstock was great friends with Warren Buffett and spoke with him privately before departing the company.
I find no coincidence that Bank of America is now involved with book running a financing regarding OSTK, interesting.
Buffett recently ventured into Gold by buying shares in Barrick Gold, "if" Buffett was going to buy anything crypto related I would imagine Overstock is of interest. Buffett sold basically all his bank stocks except Bank of America, interestingly Buffett bought more Bank of America.
tZERO said Hong Kong-based private equity firm GoldenSand Capital (formerly known as GSR Capital) has bought a 5 Million stake in the company earlier in the year, I mentioned before I wouldn't be surprised If Chinese investors are supporting this stock heavily now, especially since China is rolling out their new digital currency.
It would make sense given the parabolic rise in the OSTK since the announcement and chart I've linked to this chart.
Nothing wrong with a little speculation.
Back to the chart, if we get a bounce off the green upward sloping support and the price gets rejected at the horizontal green line of the potential Ascending Triangle, the RSI is likely get back into what was a descending triangle and could potentially top out at the downward sloping resistance of the blue pattern in the RSI. Or, It's possible OSTK could get back into the blue pattern on the RSI and create a support at the base of the pattern to then look for some higher high creation.
We've possibly seen a blow off top that will end in a bearish H&S pattern that has already played out on multiple indicators. Interestingly, the price has not formed the right shoulder yet, I have placed three coinciding red lines to represent the potential H&S.
Or, OSTK simply has seen a healthy correction back to the public offering price of $84.50 per share, and now we're going to continue the parabolic uptrend?
It's possible we see a Golden Cross on the KST this week, I've placed a question mark icon to represent where a potential golden cross may occur, if the green line crosses the red to upside similar to previous examples on the chart where I have placed blue fingers pointing upward OSTK would start looking very bullish.
Head and Shoulders OSTK???Another one. OSTK could be following the same path as FSLY. They are bother perfect candidates for a Head and shoulders pattern. Watch for price action to complete the right shoulder. If we break the neckline, watch the rug be pulled and this to fall quickly to $55. The ENTIRE market is overvalued and everyone knows it. I said september is the month things will fall apart. Lets see
OSTK is trading in an Ascending Triangle.Keep an eye on the KST, if the price continues rising but there is no higher high on the KST or the RSI there will be a double bearish divergence formation.
KEY TAKEAWAYS of Ascending Triangles.
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 triangle. Although, this won't always occur. A breakout in any direction is noteworthy.
A long trade is taken if the price breaks above the top of the pattern.
A short trade is taken if the price breaks below the lower trendline.
A stop loss is typically placed just outside the pattern on the opposite side from the breakout.
A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
OSTK continues its run to $130OSTK is in the middle of an extension wave. It consolidated in wave 4 of its extension today forming a pennant.
Wave 5 should be next with a target range of $127-130.
$OSTK Is now a time to be a buyer for the long term?Overstock's $OSTK monthly RSI is over 80 for only the 4th time in its history! I would argue that now is NOT the time to be a buyer, for the long term!
Pinduoduo- E-commerce outperforms and boomsE-commerce will continue to have strong CAGR as the brick and mortal stores fold under the pressure and the whole world becomes even more digitalized in the future.
Is OSTK trading in a bullish flag or descending triangle? Overstock appears to be trading in a bullish flag or a descending triangle, notice the downward red line of sloping resistance & the green horizontal line represents the baseline of support, but if breached this pattern is likely a descending triangle.
If the descending triangle plays out I'd expect to see the blue upward sloping line potentially act as support, this could start to form a ascending triangle depending upon how the bullish construction looks on the chart forms over the next few days.
