$OSTK - super booolish$OSTK
Fib LVLs:
Retracement back to the .618 fib @ $25.18.
From here we expect the ABCD pattern to continue.
Cant tell you where and when to buy. But should be a good gauge.
Place your stops accordingly.
BYON trade ideas
OSTK 3rd Day Run-upOSTK closed its 2nd green day at a high of 95% of its days range. Typically showing high strength for a 3rd day move. I can see this easily reaching $30 where it will meet resistance.
$OSTK - Strong waves up, weak(er) waves down.$OSTK - Strong waves up (GREEN), weak(er) waves down (YELLOW). Represents solid buying with (expected) intermittent profit taking on the way up. "Angle of Ascent" on this latest Wave is pretty steep again, much like it was in Wave 3. Momentum indicators remain strong even during the times of retracements in the overall trend. 50MA still angling solidly up. Always trade in the dominant direction of the market! Follow @MarketTrendAdv on Twitter for additional trend trading ideas. Starting to now post to TradingView also. Feel free backcheck previous Twitter calls dating back to the beginning of 2020. Best of Luck in your trading...
twitter.com
Overstock Shares on this Company!** Comments and Likes are appreciated; New Subscribers are nice. **
What I see..
+ Volume contracts througout the week until Friday
+ Very high vol. on Friday
+ RSI is pointing north
- MACD is falt
- upper shadow
- 10ma is barely touching the bottom of Friday's bar
What I setup...
+ Long entry above today's high
- Stop at today's low
+ Target at 39
:: Duration - 4 to 6 sessions
$OSTK Holding $20 Support$OSTK Holding $20 Support - Playing for a near term bounce.
Target - $25.00
$OSTKHow far can this run against the Giants $RH and $W
Will the digital dividend open this back up to $70 highs?
OSTK LongOSTK Long, since this is a speculative stock I expect huge returns, "investors" confidence has returned in conjunction with the short term move to the downside make this a great opportunity to go long.
OSTK doughAnalysis done on 25/05/2020
Fundamental
→ 20 & 40 SMA sloping up
→ 20MA > 40MA
Awaiting buy trigger
→ CCI <-100
→ Low of daily bar touches 20MA or goes below 20MA
→ Close above 40MA
Pull trigger
→ Buy 1 bid above previous day high
→ Sell 5 bars later exclusive of initial bar
Stop Loss
→ 50% below price bought
Golden CrossOverstock.com's 50-day moving avergage line has crossed above its 200-day moving average line, forming a golden cross, a BULLISH signal.
TradingView's technical analysis summary is BUY:
www.tradingview.com
According to CNN Business, Overstock.com's median price target is $33.00, which represents a +83.84% increase from the last price of 17.95:
money.cnn.com
The top 20 investment funds that own this stock (6 of which are 5-star funds) own 10,228,078 shares and, on a net basis, they have been accumulating 136,484 shares lately:
www.morningstar.com
Today it is UP more than 7% on stronger than average volume.
GLTA!
Overstock broadening wedgeNASDAQ:OSTK broadening wedge forming. I think it will go up eventually.
Related names: OTC:OSTKO COINBASE:BTCUSD KRAKEN:XTZUSD NASDAQ:EBIZ AMEX:ONLN NYSE:W
Overstok $OSTK in uptrendIt is following very smooth uptrend line so far and hit the fib 0.618 level. Pulled back to 20SMA zone and expect to move and break out.
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overstock.com interesting buyoverstock.com looks like its topping out here and about to pivot back down. but why not go the extra mile and form an expanding wedge?
OSTK Bull Run ContinuationBTC pumping, market pumping, Wayfair pumping, tech pumping.... this move is obvious.
2020: Covid19 Leads to the Internet Retail BoomFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my insights. This isn't a prediction post. This is a generic post to talk about a very noticeable trend. During the Covid19 period, you seen a result of the digitization economy. Lots of the traditional industrialized corporations were negatively impacted while many of the internet retail businesses received major booms. This isn't just indicative of the whole Covid19 reaction and price corrections, but also indicative of where the future seems to be heading in terms of consumer activity.
OSTK Our SHORT from $60 Working Well Down Another 3% Today$OSTK Our short that we posted here from $60 is working well it's now $37 and dropping. Our deep in the money puts are a serious home run - if you took this trade with us you already have a big hit but be advised that earnings are after the bell today so you may want to cover here.We will stay short looking for a minimum of $25 but it could bounce on earnings - we'll stay short. #trading #stocks #crypto #fintech #tech #blockchain #bitcoin
Overstock (OSTK) - long term stock buyThis is a great stock to put on your watch list, and you can wait until stock trades over yellow line (or connect closing prices on a line chart). While $9.50-10 is excellent price to buy stock, you might want to start a small position. This company, besides selling goods, also offers a sideline blockchain investment.
You can check this month's candle and, if bullish engulfing, a trade over its high is a signal to buy stock.
Massive Inverse Head & Shoulders.It appears as though Overstock has formed a nice rounding bottom, which is now turning into a Cup & Handle potentially..
There's a few bullish indicators & even more so there's Macro events taking place with blockchain in China that are likely going to take this stock to new All Time Highs.
tZERO said Hong Kong-based private equity firm GoldenSand Capital (formerly known as GSR Capital) has bought a 5 Million stake in the company. I wouldn't be surprised If Chinese investors are supporting this stock heavily now, especially since China is rolling out their new digital currency.
McDonald’s and Starbucks are reportedly part of China’s digital currency trial.
China has rolled out a digital currency trial in Xiong’an, an area southwest of Beijing in the Hebei province, according to state-backed media reports.
McDonald’s, Starbucks, and Subway are the only three American firms among 19 companies participating in the trial.
The People’s Bank of China (PBOC) has been working on a digital yuan for the past few years but has made clear that it has not yet officially launched.
McDonald’s and Starbucks are among a handful of companies taking part in a new pilot program for China’s upcoming digital yuan, according to state-backed media, as the world’s second-largest economy pushes forward with its plans for an electronic currency.
This is the main reason why China propaganda has become dangerously provocative in America.
China is rolling out a cryptocurrency, a lot of the details have not been divulged.
I can tell you the cryptocurrency China’s rolling out will likely be backed by gold. China’s got 20,000 tonnes of gold or more, add the fact they are dumping U.S debt & treasuries at an alarming rate, it's plausible they'll bring back a gold standard for the new century.
$OSTK can rise in the next daysContextual immersion trading strategy idea.
The demand for shares of Overstock.com looks higher than the supply.
The company operates as an online retailer in the United States and internationally.
Due to the spread of COVID-19, the demand for the company`s services rose.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $6,86;
stop-loss — $6,51.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Thanks for being with me!
OSTK bounces from all time lowsI suggested a few days ago that $OSTK was a risky play, but it has bounced very nicely in the last couple of days and now is a whiff below $4.
Recent positive events:
- Jonathan Johnston, CEO, buys 30,000 shares yesterday at $2.6
- Appointed a permanent CFO in the person of Adrianne Lee, from Hertz NA
- Patrick Byrne, ex CEO, is now able to buy the stock after his lockup expires (6 months after he was ousted)
- E-commerce is well positioned during the COVID-19 lockdowns
- there are 7,590 open interest puts expiring tomorrow - likely they have been sold and someone may be interested in them expiring worthless
Given the stock has no debt and a good amount of liquidity to withstand the turnaround in retail, while BTC price is also bouncing to the $6,000s (furthermore strengthening the Medici portfolio), the stock is on a good path up but remains not for the faint of heart, given that the sudden drawdowns have been brutal to shareholders.
