Overstock Overstock analysis
Trade setup
Long @ market
stop 66 iarea
tp 80 area
risk 3-4%
reward est around 15%
0KDU trade ideas
OSTK Due to burstTechnicals looking good. Let's pay close attention. Could have a quick dip before exploding.
OSTK to Re-Test $125 All Time High by DEC 2020OSTK is highly correlated with the price of BTC and with several fundamental crypto projects already well underway with OSTK's Alternative Trading System (ATS) that legally under SEC provisions trades crypto, it's price will begin an ascent back to the all time highs now that BTC fever is back on again and we are clearly in the beginning of the Crypto Bull Market.
Pitchfork analysis is clear, OSTK is way oversold and this is a great opportunity to get in and play catch up with the surge in BTC's price.
$OSTK - allow my mistake to save you from doing the sameAll the technical indicators remain positive for $OSTK.
The market hates $OSTK, they produce massive earnings and continue to get snubbed.
If you, like me, picked up the gamble in October, I hope that you, like me, gave yourself a lot of time to be wrong.
I am holding Jan 15 2021 expiration call options at $75 strike and stuck on the hope-train .
This is one of those lessons in making the right decision but the market still does not agree and this is why my option strategy, albeit more costly (longer time to expiry), continues to be the safety net necessary for me to keep growing my account.
I did end up revenge trading when the stock continued to plummet, this will offset my losses, if it turns out that I end up eating a big plate of "slap in the face".
OSTK about to pop...Trading in an extremely tight range for a bullish breakout.
If OSTK opens above 62.95 on 11/23 it should test 77.5 by 11/27.
If it breaks above that earlier than, next price target is 85.10. Beyond that, ATH's.
Breaking 61.25 to 56.17 bearish down to 52.79 potentially.
I don't think that will happen. OSTK 70C 11/27.
$OSTK PT 170 My favorite set up so far. I cant wait to see this play out. PT of 170. Lets ride this wave. (3-4 Month)
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 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 - October 29, 2020OSTK crushed ER and is expected to continue on a bullish tear. Looking for some buying pressure to come in here and break of resistance 89.33 will send it back to ATH.
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.
no position herevery clear its hitting a consolidation faze, which can last months! waiting for a confirmation break over 90-92.
$OSTK Overstock.com - Reversal Into Earnings$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 - naked call optionGoal, sell before earnings, with room to hold
expiration 1/15/2021
Goal earnings: 50-124%
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 - call optionLooking for some gains in November with 1/15/2021 expiration
$80 strike - cost is $1750
Watching for $110 share price to sell for 96% gains. Estimated sale date - mid to late november, but can hold into december if necessary
Assumption: holiday season is positive
