B-17

OSTK, Long term Double Bottom forming, RSI oversold, Net Long

Long
NASDAQ:OSTK   None
Overstock is getting interesting again. Previous trade in January was successful, albeit $24-28 range was not hit. This setup is possibly more bullish, especially for long term investors/traders. Double bottom forming in support range and at key Fib retracement level, RSI is also oversold. Shorts have been making a great trade here, but its long in the tooth, and at these level the risk/reward makes sense from a long, speculative view.
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