OSTK - Bullish (50% gain)
Overstock is appearing increasingly bullish.
Selling has slowed.
We have already touched major support at 51 area.
Double Top between 68-70 which is a downtrend is a bullish signal.
I expect OSTK to pull back a little bit more to 56 a share before it takes off to 85.00
This would make it an inverted head and shoulders pattern to the upside.
Currently, there is very little risk of dropping below 51 per share.
85.00 is the current equilibrium for OSTK.
Selling has slowed.
We have already touched major support at 51 area.
Double Top between 68-70 which is a downtrend is a bullish signal.
I expect OSTK to pull back a little bit more to 56 a share before it takes off to 85.00
This would make it an inverted head and shoulders pattern to the upside.
Currently, there is very little risk of dropping below 51 per share.
85.00 is the current equilibrium for OSTK.
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