Overstock ValuationOverstock value is nearly double of what the stock price is going for. Lately Overstock has shown equal movements with BTC price action.
BYON trade ideas
$OSTK Bullish divergence. Bears have done their worst. #tZEROConfirmation will come as the RSI makes it above 50 on multiple timeframes. At the moment it looks like a bottom with bullish RSI divergence.
Overstock - Looking to buy between $10-$12I would consider this a somewhat risky trade because the fundamentals of this stock makes me uncomfortable but Overstock is at pre crypto levels so unless the company implodes should be near a bottom. I expect a bounce off the thick blue support line which will possibly carry it to a break of the decline resistance. Trade carefully but I will be buying longs in the $10-12 range
OSTK, Long term Double Bottom forming, RSI oversold, Net LongOverstock is getting interesting again. Previous trade in January was successful, albeit $24-28 range was not hit. This setup is possibly more bullish, especially for long term investors/traders. Double bottom forming in support range and at key Fib retracement level, RSI is also oversold. Shorts have been making a great trade here, but its long in the tooth, and at these level the risk/reward makes sense from a long, speculative view.
#Overstock $OSTK RSI bullish divergence #tZEROBoth the RSI and the Fibonacci retracement levels on the way down suggest that OSTK may be bottoming here.
Une future explosion ?Le wedge baissié en daily, la divergence de la sto et la stabilité de la RSI peux faire exploser le titre d`un coter.
OVERSTOCK COM INC DEL Stock analysisCompany: OVERSTOCK COM INC DEL
Quote:$OSTK
BT: $20 Second allocation will be between $10-$14 pending how the stock trades this month expecting to be a very bearish April for OSTK
ST: $40-$60 (A range nothing ever goes exactly to plan however we believe ultimately we can reach this high this year.)
Description: Overstock.com, Inc. operates as an online retailer in the United States. It operates in two segments, Direct and Partner. The company sells its products and services through its Internet Websites located at overstock.com, o.co, o.biz, and Pet Adoptions and Worldstock.com, as well as through third-party logistics providers to international customers. The company was formerly known as D2-Discounts Direct and changed its name to Overstock.com, Inc. in October 1999. Overstock.com, Inc. was founded in 1997 and is headquartered in Midvale, Utah.
Medici Ventures manages Overstock.com’s investments in firms building solutions leveraging and servicing blockchain technologies.
Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc., created to manage and oversee the company’s investments in firms building solutions leveraging and servicing blockchain technologies. Medici Ventures has a growing portfolio of groundbreaking new companies and tech businesses.
Short Interest:
Short Percent of Float 68.36 %
Short % Increase / Decrease -4 %
Tapes last week: 1/5 More bearish and only going to get worse during this month
Starting to accumulate some OverstockOverstock forming a declining wedge with not much downside based on technicals.
OSTK$OSTK
What I had considered a bellwether for cryptocurrencies is now lagging behind the 15% increase in $BTC.
Expecting big pop after it seems to have completed its retrace at the .618 fib.
Let’s get it.
$OSTK #Overstock momentum reversal, multiple time frames #tZERO...uptrend on the daily chart is confirmed above $17.50
What happens if $OSTK runs out of panic sellers above support?Mean reversion takes it back to the cloud.
OSTK - downtrend reversed? I buy, you flyToday's dip triggered a limit order that I had placed last week to buy at $17.25. I believe the long downtrend has been broken after watching this stock for a long time. GL
$OSTK #Overstock double bottom trend-line support and horizontalLooks like a short covering/entry opportunity.
OSTK holding crucial $16 supportI still think this stock has a bottoming pattern in the works. Price failed right above $23 at previous major supply level. Massive short interest finally took this down on market weakness. However, bitcoin price action and volume still looking great and this should be back in the 20s with any spike in bitcoin. Heavy institutional buy volume is supporting the price above $16 imo.
#Overstock $OSTK looks like a stop hunting expeditionThe activity today is reminiscent of some of the stop hunting you see in crypto markets.
