OSTK is trading in an Ascending Triangle.

Keep an eye on the KST, if the price continues rising but there is no higher high on the KST or the RSI there will be a double bearish divergence formation.


KEY TAKEAWAYS of Ascending Triangles.

The trendlines of a triangle need to run along at least two swing highs and two swing lows.

Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy.

A long trade is taken if the price breaks above the top of the pattern.
A short trade is taken if the price breaks below the lower trendline.
A stop loss is typically placed just outside the pattern on the opposite side from the breakout.

A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.