It's that time of year again--long OSTK
Has consolidatied since September and has since bottomed, and recently broke the $85 resistance, is above the VWAPs from the lows and the August high, has earnings coming up, is coming off a massive volume shelf, and it's positively correlated with tZero, which has also bottomed and is coming out of that.
OSTK has a cycle and huge structure which can go up violently for a few months at a time (like this summer) and then spend a few months chopping up traders. NOW is the former. Watch out for resistance points like 95, 112, and 130, but with OSTk it's possible that it may not spend too much time around those levels after hitting them. I think previous highs will eventually be smashed in the next 2 months or so.
OSTK has a cycle and huge structure which can go up violently for a few months at a time (like this summer) and then spend a few months chopping up traders. NOW is the former. Watch out for resistance points like 95, 112, and 130, but with OSTk it's possible that it may not spend too much time around those levels after hitting them. I think previous highs will eventually be smashed in the next 2 months or so.
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