If at first you don't succeed, try again. OSTK (Overstock.com) has hit the sole price target of 48.80 for a quick gain of 18.4% in less than 3 trading sessions. OSTK is a good example of sticking with a trade when the charts are clearly bullish or bearish, of course the latter in [...]
OSTK (Overstock.com Inc) did indeed go on to print a large bearish engulfing candlestick today, closing down over 9% and providing the first decent sell signal on the daily time frame since the stock embarked on a parabolic rally back in early August. As parabolic advances typically don't end well, here are some additional potential [...]
The following notes & chart are an update to last week's swing trade on OSTK (overstock.com) as well as a new swing trade setup on this stock.
An update to the OSTK swing trade idea with a slight revision to the stop.
The following notes & chart outline the entry criterion, price target, suggested stop & beta-adjusted position size for a swing trade on OSTK (Overstock.com).
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, [...]
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 [...]