Long

OSTK Inverse H&S. Potential profit over 50%

Zaktualizowano
Potential inverse H&S breakout.

The depth of head from neckline is over 10 points.
So, a textbook break out target is near 33ish. Which is over 50% profit.

Other factors to consider:

Short Percent of Float => 64.58 %
Short Interest Ratio (Days To Cover) => 5.4

Trading above 20, 50, 100 SMA on daily.
MACD positive and expanding.
RSI bullish.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Uwaga
It may see resistance near 200 SMA. Beyond that there isn't much until 31+
Zlecenie aktywne
20.25
Head and Shoulders

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