$OSTK Macro idea Holding bunch of 2022 callsLook at their fundamentals, cash reserves, revenue/earning's beat. Its an outlier of all the companies in its industry. I AM 100% CERTAIN that Wayfair $W and Overstock $OSTK prices will cross in few months. $OSTK is way better compared to $W in many ways.
BYON trade ideas
Is OSTK trading in an Ascending Triangle?OSTK's earnings are fast approaching, it'll be interesting to see if there's any bullish momentum from the numbers.
Since early January this year up until today, the blue upward sloping support of the pattern has held forming a series of higher lows & an Ascending Triangle.
On the KST there's a bullish cross where I've placed the blue finger.
The DMI is displaying a bullish twist and indicating potential further momentum to the upside.
Buy $OSTK - NRPicks 14 MarOverstock.com, Inc. operates as an online retailer in the United States. It operates through the Retail, tZERO and Medici Ventures segments. The company offers furniture; including area rugs, bed and bath linens, home improvement, kitchen and dining room items, and other related products.
Among the most recent to Overstock, we have tZERO, a leader in blockchain innovation and liquidity for digital assets, announced an agreement with Realio, a technological ecosystem for institutional-grade digital assets. This partnership will connect Realio's global network of real estate and private equity issuers, with an existing portfolio of more than $ 300 million in assets to be tokenized, with the TZERO ATS.
Overstock is a very volatile company that tends to repeat patterns, coming off a 49% drop in the last few weeks. We observe a possible continuity in its 18% rebound for the week.
Technical:
- Bounce at MA50
- Average RSI levels
- MACD Level (12, 26) 13.42
Wait for a better entry-pointThe chart looks bullish. We broke out of the triangle pattern, volume is rising. We also had a nice EMA cross.
However a smaller pullback is very likely, because SPY and QQQ are way overbought. I would step in if we backtest the 69.05 level and manage to close above that.
$OSTK TRADE IDEA (4/12-4/19)Trade Idea Video breakdown for $OSTK. Filled at 69.70 but we could see some solid continuation if we can break this daily resistance. $AAPL had this same pattern before Its breakout, so will be watching this one and I have a my alerts set.
OSTK Round downOSTK is looking to be a quick 1-2 day play with price rounding down after a slight push up toward moving averages and getting rejected. Looking to short this to the 60-61 level.
Great time for buying some overstock Why not. Go ahead your money to the market and buy some. It’s going to 3 million once they start accepting Bitcoin. What? You don’t agree? 😆
Traditional|OSTK|LongLong OSTK
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
The idea is to work out the resistance level .
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
Red zone - stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Orange arrow - the direction of take.
The red arrow - the direction of the stop.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
ABC BullishPossible stop under C.
This pattern is everywhere since the market correction recently.
Targets are calculated using the AB leg and fib levels, then added to the long entry level. This pattern can be subjective as my idea of a safe long entry level may differ from yours. B will always be B but A can be different depending on individual choice. Some may choose a different place in the prior leg up and include a lower level to place A. This one is pretty cut and dry on where to place A. When proice finds C, it is C, with issue being that sometimes I think price has found C, but it goes lower. )o:
Too many details..lol
Anyway, not a recommendation and always trade safely. I am hoping market does not throw us too many curve balls this week (o:
$OSTK Nice Wyckoff accumulation structure$OSTK Nice Wyckoff accumulation structure
TP1: 176
TP2: 210
Bullish Flag for OSTK?OSTK appears to be consolidating into a giant bullish flag drawn in blue.
On the KST there was a bearish cross where I've placed the red upward-pointing finger. I have placed a blue question mark to represent where a bullish cross is potentially going to occur near term.
It's always possible this pattern plays out bearishly as a descending triangle, and if that happens the horizontal baseline of support will be broken to the downside; expect the red lines below to act as support areas in the event of a fake-out.
JP Morgan has filed an application with the SEC to issue notes for a new investment product.
The new basket dubbed “J. P Morgan Cryptocurrency Exposure Basket” will track the equity of publicly-traded U.S companies that are either “directly or indirectly” invested in Bitcoin and cryptocurrency-related efforts.
Overstock is one of the companies on JP Morgan's list.
OSTK: Correction/Short OpportunityOverstock looks like it's ready to retrace/correct to support. After a significant selloff from the previous high, the price retrieved up to a fairly significant level from what I believe to be the B wave of a larger ABC correction. Also, RSI is signaling a cool down from the rally is on the way. Price is likely to retest the previous low at some point within the next six months. No position at the moment but will be watching how this plays out.
$OSTK - Rocket TA BUY ALERT! Temporary failure to launch. Landing pad approaching on either of the lines below, today marks a great entry if you're not aboard. I like a large opening position here at the 66-70 range. Save dry powder for a potential 58 blip or below to lower triangle and/or 200-smma. Lock and load!
Long term wedge, short term ehThis one is hard. We have clear support and resistance. I think it’s safe to average down.. at $70 but it has potential too retest $50’s again. Where of course I would load up if we saw that again.
OSTKOSTK fell out of the bed in the Feb 24 market hours (big red candle past ema levels). But it has bounced to 75.12 in the pre-market session of February 25.
The stock is in conspicuous blue wedge, and could break up or down in the next several months. In the immediate future, a test of and bounce off of the $66 to $68 region would be quite bullish. Breaking below that level will lead the stock into the bearish red descending channel, within which you can see a descending wedge to watch for bullish short-term action in case the stock makes a large downside move into the channel.
Yesterday I took the gamble and sold cash-covered puts at $65 strikes expiring Friday, March 26. If the stock takes a dramatic fall into the red channel, I would short the stock and/or open bearish put spreads (keeping an eye on the red wedge). If the stock rebounds back toward the center of the blue wedge, I'll start planning to buy ATM straddles dated for late spring or summer.
