Long
OSTK - Long with a great R/R !
OSTK - Good looking chart with a great R/R. It will need to be managed if it advances so that we know if this is a 3 waves move or the start of a new bullish impulsive wave.
The red 200MA and the lila anchored VWAP need to be broken for this to have a sustained move higher.
The red 200MA and the lila anchored VWAP need to be broken for this to have a sustained move higher.
Note
I'm long this one but beware, we could actually get a Flat correction here meaning the rise we are seeing is just wave b of the said Flat wave ii !I actually would love that to be the case, even if I get stopped out because that would give a fantastic long opportunity with minimal risk !!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.