OSTK PREPARING FOR A BREAKOUT 116%After nearly five months...and over 60% pullback...OSTK looks about ready to continue its meteoric rise...currently, price appears to have found support at the 200 day moving averages...we have seen six weeks of bullish divergence in the rsi and cci...and on the weekly scale, the macd appears to be flattening...not exactly sure when this one will take off, but it looks as if it may be soon...initial target is $137 (116% from current price)...from there we play it by ear...IT'S YOUR MONEY, DYOR!!
BYON trade ideas
$OSTK, Inverse head and shoulder breakout #Repost-$OSTK has finally ended downtrend as it strongly regained that $60 level. After coming off from a falling wedge and its proper retest of the wedge it gives me confirmation that it's time for this monster to wake up.
-E-commerce has increased significantly during pandemic and as they have embedded crypto payments. I believe there's a big upside coming up as BTC projections for upcoming years are insane. Which most likely will be attracting new investors but it has to give them confidence as it pushes through new highs.
-In terms of patterns you will notice an inverse head and shoulder that is looking to finally breakout. In addition to this we notice on the weekly time frame we have the breakout of the falling wedge but the main takeaway is how MACD is looking to start positive divergence. Because it's a weekly time frame, that means the move will most likely take a few weeks but this also lines up with their earnings coming up in MARCH.
-In terms of levels, this is essentially what I'm looking for:
Consolidation: $68-$70
Long entry: $71 (This will apply only if $OSTK has taken $70 as a clear support)
Target: $81-$83
-There will be sudden stops along the way as there will be profit taking where I'm most likely going to expect stops within $74 and $78 levels before making that last push to $80 as we push closer and closer to Earnings
NASDAQ:OSTK
Where will OSTK be on 4/1?Two short term trend lines pointing to a post-earnings / crypto-frenzy run. Will we see a new ATH?
OSTK BOUNCEOSTK has had a massive runup today carrying it all the way to the 85 marker where it met resistance. Being that its a strong runup into resisteance and now overextended on bollinger bands, i think we'll see a pullback this week back to the 75 range. OSTK is a fast mover, was able to get in around 84.5 for the pullback
clean break out here i am long BREAKOUT ALERT, Follow me for more clean charts and trade ideas.. looking for this to move to our PT
Overstock rising off Wedge and Triple bottomEarnings run-up also helps
Happy Trading, from CJ -- aka the greatest FURU.
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OSTK Break out Long IdeaOSTK, looks to be breaking out of a wedge pattern. These are usually bullish.
OSTK short term until 3 Feb!A good evolution for this stock! And last two quarter was more thean we can expect! So I think its posible from next E price target go up to
68/80+ sheres.
Average for price target are 112 dolars so for long term will be a good stock!
$OTRK in downward sloping channelShould touch 70 before earnings..
will be watching if it can break out from the downward channel on ER ..
if it does. its heading to 110 at least
OSTK Rounding up, Triple bottom formingOSTK is rounding up to the resistance level of 70 for the third time. It has formed multiple rounded bottoms, with this looking to be a triple bottom play. The 70 range, is a profit taking range as well as potential breakout range.
OSTK - Sexy Chart OSTK
Kind of has it all - internet retail, crypto, low float, and decent short interest (17%).
Technically:
-made double bottom
-retraced to the .68fib
-bounced off the 200ma
-growing buy volume
-AO divergence
Pattern break Bullish trend startsOSTK Trend line break Bullish trend Rsi is also bullish. Confirmation will be on monday
Falling wedge breakout Possibly a red day or slightly green for the overall market given long weekend ahead. I’ll be adding Overstock call options and shares today. Broke out of a falling wedge, and the price held when it went back down to test that prev resistance line (confirmation); TA suggests stock being 100+ by April. Ttm squeeze moving upward (Decreasing magenta bars) essentially means momentum is becoming positive (bullish); macd lines crossing recently were also bullish.
Bullish ConsolidationPhysical retail stores have been booming. Money should flow back to online soon.
Bear breaks with zero follow through are where the best swings come, imo. You'll be seeing this a lot from me.
Overstock: breakout and retest of IHSNASDAQ:OSTK had an breakout of an inverse head and shoulders pattern. If the line holds it's worth a long position. Long-term this is a long anyway.
Related tickers:
OTC:TZROP
OTC:OSTKO
Massive cup and handle $OSTK$OSTK making a 3 year cup and handle from Jan 2018 to now. Also $OSTK broke out of a descending wedge today. My short term price target is $167. Love there blockchain side of the company for a long term hold but will start taking profits over $150 on my options.
