Oscar Health has broken out of a long descending wedge and is now resuming its broader bullish channel trend. With volume surging and smart money signals appearing near key supports, the chart targets a 94% measured move to $26.76, with the possibility of continuation toward $50.00 if trend strength persists.
A strong bullish structure remains valid as long as price stays above $13.68.
A strong bullish structure remains valid as long as price stays above $13.68.
Trade active
Breakout Level Confirmed! On to our wedge target!
Note
Avoid emotions . Use this level to add .
Note
This move looks consistent with institutions exploiting sector fear to bid at key technical levels.
If $16–17 holds, the structure remains bullish — and this could mark a shakeout low before a new leg up.
A weekly close below $16.00 would invalidate this scenario .
Trade closed: stop reached
Unfortunatley im closing the trade due to weekly close . Price could not close above HL . Will revisit if anything changes .
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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.