The OSTK (Overstock.com) long trade has taken out the R1 resistance level which opens the door to a potentially quick move up to the first target level of 17.72 as well as offering a another objective entry or add-on to an existing position. With prices now too far above the fallen wedge pattern to comfortably allow for a backtest, an objective stop would be below 15.23 or higher, depending on one’s average cost basis/entry price & stop preference.
OSTK daily June 10th