Long
$OSTK tests cloud support prior to earnings.
It looks like this could be the bottom of wave 2 of 5 in this impulse wave pattern.
Wave 1 topped out at $23.40. The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications.
Healthy traffic levels on overstock.com over the last quarter of 2018 are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their markets of tokenized securities, land titles and voting on the blockchain. Short interest is maxed out.
The possibility of an announcement this coming Monday having to do with the sale of the retail operation coupled with the high likelihood of a venture capital investment in their blockchain startups gives OSTK a lot of upside potential.
Wave 1 topped out at $23.40. The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications.
Healthy traffic levels on overstock.com over the last quarter of 2018 are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their markets of tokenized securities, land titles and voting on the blockchain. Short interest is maxed out.
The possibility of an announcement this coming Monday having to do with the sale of the retail operation coupled with the high likelihood of a venture capital investment in their blockchain startups gives OSTK a lot of upside potential.
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