The Multi-Month Base Formation in OSTK Follows the Lead of the May-June Upside Explosion in GBTC

OSTK-- has climbed above its 200 DMA for the first time since March 26th, 2018. The 200 DMA is currently in a shallow down-slope at 17.15. OSTK has traded as high as 17.83, and is attempting to accelerate to the upside after hurdling the major MA, an "event" that certainly is getting the attention of the algo programs and especially, the still sizable short position in OSTK. The Model Portfolio is long OSTK at 11.40 from 6/21/19...

A close above 17.15 (200 DMA) will be a meaningful technical occurrence for OSTK... Last is 17.46/50

7 09 OSTK Day 10 GIF
7 09 OSTK Day 10 GIF

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