LONG $OSTKAs we can see from the above chart, overstock as been down significantly since its peak in February. Since I began analyzing this stock, it is clear that it runs closely with the cryptocurrency market as it announced it would be implementing this on their online platforms (blockchain and cryptocurrency capabilities). After diving deeper, I believe this stock will rally coming into the next earnings season if the fundamentals look good considering their revenues have been up year after year this idea isn't far fetched. This also could be a potential buy out opportunity in the future with a larger competitor such as amazon.
OSTK
Looks interesting Only thoughts not a recommendation. However, the % of shorts is way too high I believe it is over 30%, but overall the chart looks interesting and worth watching in the next couple of days.
Another Picture-Perfect Rebound Ends Stretched ConditionsThe S&P 500 proved up to the challenge of its 2800 support. AT40 also pulled off its recent lows. It was another picture-perfect rebound.
"Another Picture-Perfect Rebound Ends Stretched Conditions" drduru.com $SPY $QQQ #AT40 #T2108 #VIX $TSLA $AAPL $OSTK $JCP $JWN $AMAT $SMH $CAKE $CMG $DE $MYL $TEVA $P $RDFN $Z $YELP $XLP $STUDY
OSTK IDEA ( Inverted Head and shoulders)OSTK is extremly bullish.
Target 1 is $46
Target 2 is $68
Also worth holding
OSTK: Possible Support After SEC Probes Into ICOs3.2.18
The sec probes have added uncertainty to many bockchain companies with icos and this has negatively impacted stock prices. The fear in the market, however, is unfounded since the findings of these probes has yet to be released. the SEC's actions seem to be precautionary and are not specifically targeting bad actors. This means that retail investors may be able to buy ostk at a significant discount in the short term.
The market seems to be going sideways, and makes swings for those having bought in around 60/share a bit uneasy. The market could head south out of fear and uncertainty. uncertainty with the sec probe and earning for last quarter. the earnings may be negatively impacted by the btc/bch debacle, which could have lost ostk quite a bit of money. A bounce off the 50 LEVEL is hopeful, but if this breaks then be looking for a return to the 40 mark. This is assuming no affirmatively bad news for the company.
If there is a bounce up be looking for new resistance around the 56 level gap. None of this is trading advice and is only the opinion of a retail investor. You are responsible for your own market decisions.
OSTK Long ideaOSTK is into BITCOIN. OSTK is forming a H&S pattern than is now complete. It is forming a pennant currently and should break higher. A stop could be placed just below the lower pennant line.
The decade long cup for OSTKI am buying OSTK at current market cap of 1.9 billion...expect a strong earnings report...plus multiple blockchain projects...Just check out t0.com and see for yourself ... overstock has been overlooked for far to long...
OSTK - Selling PutsLimited Order placed for 12/15 42P. May not get executed if IV continues to decline today. Order will expire at end of day.
1M:
long-term potential for significant decline
OSTK: Be Prepared to Buy Low!!!There are a number of indications that the 47 dollar mark is going to provide support: the gap up provides support, the channel line provides support and this area provided resistance to the runup before last. if support is broken at this level then be looking for support near the 50ma. around the 40-37dollar range. the volume seems worrisome. there is heavy selling at this point, which may lead to support at 47 being broken. if so, then the lower support will be a prime buying opportunity --- around 50% correction. This is not trading advice.
