While OSTK is highly volatile it appears to have found support here above the 50day EMA and to be maintaining the uptrend. $18 will likely hold before the next leg up to $24.80.
Healthy traffic levels on overstock.com over the last quarter 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 respective markets of tokenized securities, land titles and voting. Short interest is maxed out.
The possibility of an announcement this month or next having to do with the sale of the retail operation makes OSTK even more interesting and the market is taking notice.
Healthy traffic levels on overstock.com over the last quarter 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 respective markets of tokenized securities, land titles and voting. Short interest is maxed out.
The possibility of an announcement this month or next having to do with the sale of the retail operation makes OSTK even more interesting and the market is taking notice.
