#Overstock low volume selloff, uptrend still holds. $OSTK
To understand the low volume selloff take a look at a Bitcoin chart. While OSTK is highly volatile $18 will likely hold before the next leg up to $24.80 - $25.00.
Today appears to be critical but the uptrend still holds even below these levels, if $18 does not hold the next level of support is $16.38.
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 markets of tokenized securities, land titles and voting on the blockchain. 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.
Today appears to be critical but the uptrend still holds even below these levels, if $18 does not hold the next level of support is $16.38.
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 markets of tokenized securities, land titles and voting on the blockchain. 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.
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