OSTK - screaming bullish chartOSTK comes back in play
Consolidatied nisely, now breaking out from a wedge.
BYON trade ideas
OSTK Bullish Momentum (2-Hr chart)OSTK seems to do well whenever bitcoin does. So, its not so market dependent. I'm hoping for $100.
I would put a stop on weakness below upward trendline. But I would buy additional if dropped to trendline and looked strong off it.
OSTK - consolidation triangleNASDAQ:OSTK crossed the consolidation triangle 2 days ago, a pullback happend 1 day ago, the TVC:NDX was really weak, so the pullback was compulsory. Above 84,5 $ a pro cyclical buy signal is triggered.
ADX is low, +DI ist positive
RSI is slightly overbought
OSTK Triangle break and bounce at support?We just broke the triangle to the upside and seems to get a bounce at the new support? i'd look to long here with a tight stop.
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.
$OSTK Trade Idea Trade Idea: OSTK $80 Call 10/02.
MACD diverging almost to the upside. It received a bunch of upgrades as well and held well during sell off this week.
SPX as long as it holds $3230 idea is still valid. I think we see upside on $SPX.
$OSTK... ugh$OSTK continues its absolutely wild swings. Remember, this is an internet retail company that has lost money since inception and has continuously tapped shareholders to fund its crypto ventures.
With Bitcoin price not going anywhere, the stock has no real catalysts and after its precipitous recent fall from $127, seems stuck between $60 and $80.
Only for day trading.
Bouncing around the rangeOSTK has been within a wide ~$10 range for most of September. Playing a 15% range like this on a low-cost stock can be profitable. I intend to keep selling in the high 70s and buying in the mid/high 60s until proven otherwise.
Bear Flag in OSTKLooking like a continuation pattern for OSTK. Having some trouble getting above the 50-day moving average. Good short opportunity
If D.E. Shaw has 5% ownership on OSTK; shouldn't we have some...NASDAQ:OSTK
📌Everyone, #sorryNosorry not much to add, D.E. Shaw is building up a position so I want to have some too. No need to get so complex when picking equities, flow baby...like water :)
Yes, one more thing...
📌Peter Keith, Sr Research Analyst at Piper Sandler, has an "OVERWEIGHT" rating on Overstock.com and PT 140$ 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
$OSTK Overstock Reversal trade possible.
Despite todays rally the stock is still 40% off its momentum driven highs.
Alert set for break above $78.50 for a potential long entry.
Targets as per resistance levels.
The daily indicators have bottomed and are in reversal.
OSTK:NASDAQ - OVERSTOCK COM - Got a buy signal. Got a buy signal yesterday on Overstock so back in the trade again. RSI was well and truly in oversold territory and with the big gains on the DOW and NASDAQ last night the buying will hopefully continue. Ran REALLY well before its decline, so hopefully now that its back to a better value area might resume an upward trend. Worth a watch.
