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Long Trade Ideas Updated

The trade ideas on Right Side of the Chart are typically updated when each profit target is hit or as soon as possible shortly thereafter. This is due to the fact that all trade ideas shared here have one or more explicit profit target levels. Trade ideas that are removed from the Active Trades category, [...]

Jul 17, 2014 10:55pm|Categories: Completed Trades - Long|Tags: , , , , |Comments Off on Long Trade Ideas Updated

OSTK Second Price Target Revised, Resistance Cleared

The OSTK (Overstock.com) active long trade has now clearly put the 16.20ish resistance level in the rear-view mirror which opens the door to a relatively swift move towards at least the first target level (17.72). Also note that upon further review of the charts, I have decided to modify T2 from 18.30 to 18.37. T2 [...]

Jul 2, 2014 10:46am|Categories: Completed Trades - Long|Tags: |Comments Off on OSTK Second Price Target Revised, Resistance Cleared

OSTK Poised To Move Higher

The OSTK (Overstock.com) active long trade is still poised to move sharply higher following a sustained breakout above the R1 level, which comes in around 16.20. Following the more important breakout above the bullish falling wedge pattern earlier this month, which was the initial buy trigger on this trade, OSTK did give one very brief [...]

Jun 24, 2014 11:09am|Categories: Completed Trades - Long|Tags: |Comments Off on OSTK Poised To Move Higher

OSTK Breaks Above Resistance

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 [...]

Jun 10, 2014 3:38pm|Categories: Completed Trades - Long|Tags: |Comments Off on OSTK Breaks Above Resistance

OSTK Bullish Falling Wedge Pattern Breakout

OSTK (Overstock.com) was added as both a long entry & a trade setup on April 28th with dual entry criteria: An aggressive long entry while the stock was trading at the bottom of the bullish falling wedge pattern at that time or an alternative, more conventional entry on a breakout above the pattern. The aggressive [...]

Jun 6, 2014 11:50am|Categories: Completed Trades - Long|Tags: |Comments Off on OSTK Bullish Falling Wedge Pattern Breakout

OSTK Long Setup & Entry

After the previous short trade on OSTK (Overstock.com Inc.) hit the final target (T2) for a 38% gain in Feb, the stock immediately bounced but then continued to fall to this support level (16 area) within a bullish falling wedge pattern. OSTK now offers an aggressive long entry here with a suggested stop below the [...]

Apr 28, 2014 10:42am|Categories: Completed Trades - Long|Tags: |Comments Off on OSTK Long Setup & Entry

OSTK Final Target Hit For A 38% Gain

The OSTK (Overstock.com) short trade has now hit T2, the final target, for a 38% gain today. Consider booking full profits or lowering stops if holding out for additional gains as there is a decent chance of OSTK moving down to the 16 area before any meaningful reversal.  Although the odds are decent for a [...]

Feb 5, 2014 10:38am|Categories: Completed Trades - Short|Tags: |Comments Off on OSTK Final Target Hit For A 38% Gain