BYON trade ideas
Long... Watch open, possible runner into 9's. Nice swing tradeLong... Watch open, possible runner into 9's. Nice swing trade. See above gap and double bottom with slow curl up reversal.
OSTK enters buy zoneIf OSTK can hold the support at 9.50, we can expect a big profit.
Stop loss: 9.00
Target 1: 12.00
Target 2: 14.80
Target 3: 18.90
Overstock Com Inc (Forecast)Buy In: $6.50 - $9 range - 19/11/01 - 19/11/19
Target: $28 - Forecast: 20/03/20
$OSTK div dates will soon start to drive priceUnusually $OSTK bottoming process commonly coincides with periods of lower volume.
Double bottom around 9.40 ?Not trading advice as I am still learning, but from what I gather I believe this will ride the red line down to double bottom barring good news, once double bottomed potential for 25-30% on bounce, news of trade deal or higher guidance from 36 hour sale maybe give enough momentum to push up to the 14.50 range. Double bottom forming on the weekly as-well.
OSTK Swing Trade IdeaWaited for OSTK to come back to the 9.4 - 10.4 range and with the strong reversal and MACD cross on the daily - historically this has been a strong indicator, at least as of recent.
Lots of concern still around this entire company and the day or day operations coupled with their vision / side investments but worth it for a small swing with the rest of the market being dragged down by political / international concerns. Tight SL set w/ entry at 10.4....
Trying to make some dry powder in a sea of red can be dangerous but past 48hrs has shown incredible strength, let's just hope it continues.
PT1: 14.5
PT2: 21.10
PT3: 26.79
Will trim as we move up or let the SL do its job. Trade wisely - GLTA
Risky long trade Setup in Overstock.Entry level $113 = Target price $132 = Stop loss $109
Extremely risky trade in a very volatile stock.
Tom Forte of D.A. Davidson.
"You have a very volatile stock that has had recent peaks and valleys .Investors are trying to determine what the assets are worth and the stock is starting to rebound."
Now that the dust has settled a little, the company has more distance from the former CEO and people are starting to reassess the story here on its merits.
He has issued the stock a BUY rating and a $48 price target.
Short interest 33% Could be a catalyst
Company profile
Overstock.com, Inc. operates on online shopping commercial site. The firm also sells these products through www.overstock.com, www.o.com, and www.o.biz. It operates through the following business segments: Retail, tZERO, and Other. The Retail Segment engages in e-commerce sales through its website. The tZERO Segment focuses on securities transaction through its broker-dealers. The Other Segment consists of Medici business. The company was founded by Patrick Michael Byrne on May 5, 1997 and is headquartered in headquartered in Salt Lake City, UT.
OSTK BounceOSTK has been sold down to a major support level that it has only seen once before. After reaching this level, there was a green daily candlestick hold leading me to believe this support level is a bottom and will create a bounce to the $13 range. My stop alert will be set for $9 area if invalid.
Still room to short OSTK - further downside until $9OSTK has been inundated with negative news since founder and former CEO Patrick Byrne stepped down in August. The stock has seen some intense volatility.
Shorting the stock has proven profitable recently. There is still time to be short, despite the heavy losses already sustained.
On September 16th, OSTK plunged through its 9-Day MA and has been in freefall ever since. There is nothing keeping it from falling further until long-term support at $9.00.
Great Potential 20%+ Return on OSTKOSTK has shown a horizontal trend over the past couple months and has reached a strong support at about 14.50. Great low risk buy opportunity for a potential 20%+ return.
Just learning don’t take this as advice I’m still learning but this looks to me like it’s setting up a run for Monday, double bottom on the daily could we see 26-29 smoothed out at 24ish?
$OSTK - I would say a good chance for a crazy movement again, onCrazy stock
I would say a good chance for a crazy movement again, only above 17.26
Double Bottom OSTKDouble bottom, also news from CEO of his liquidation being the trigger for the decline since high. Long
Short term trend change has taken place for Overstock. Buy!Overstock has crossed important 15M EMAs (21 and 50 periods EMAs), which have been key support / resistance indicators in the short term. Considerable upside could materialise.
OSTK OSTK’s innovation outlook is trending down based on a current score of 50 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is neutral. It is most exposed to Verizon Communications Inc. as its supplier. Over the past 4 quarters OSTK beat earnings estimates 1 time.
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OSTK ZigZag Analysis LongExpected trend for OSTK should go to around $22.00 within 150 Days and to 13-14 in 70 Days
Following the ZigZag Pattern I've seen over the past few months.
Thanks For Reading
Inverted H&S on daily - thoughts?It's not perfect but it somewhat shows. That parabolic movement from the 1st half of September makes it tricky.
$OSTK shorts should have covered now they are out of time $OSTKOPositive fundamental factors to consider:
- Insider buying s.flashalert.me
- SEC inquiry coming to an end www.foxbusiness.com
- Working with Oppenheimer M&A to sell retail
- Search traffic up 50% in Q3 twitter.com
- Global rank soaring higher twitter.com
- Dividend on the 23rd
- 31% Increase in traffic from Overstock.com to payment processor twitter.com
- Seeking Alpha: Overstock.com: Already 2 Months In The Black And Likely To Surprise seekingalpha.com
