OSK eyes on $88.82-89.24: Key Resistance to Tariff Relief bounce
OSK bounced into a key resistance after Tariff pivot.
Mostly US based company so almost immune to tariffs.
Currently testing first fib support so maybe ready to go.
$ 88.82-89.24 is the exact resistance zone of interest.
$ 86.66 is first (minor) fib support for bulls to hold.
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Mostly US based company so almost immune to tariffs.
Currently testing first fib support so maybe ready to go.
$ 88.82-89.24 is the exact resistance zone of interest.
$ 86.66 is first (minor) fib support for bulls to hold.
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Trade active
Breakout under way!(yellow shaded area is from posting time)
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Zoom with notes:
We got a nice Break-and-Retest on resistance.
Now bulls need to flip the Covid fib at $91.49.
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If we can confirm $91.49 as support
Then we should be able to hit $95.81 next.
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That would give us about 7% gains total
Thus our target is $95.81 minimum.
Stop Loss at Break even for now.
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Trade closed: target reached
Target HIT and then some!(yellow shaded area is from posting time)
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Closer look with trade notes:
TP 1 hit per our last update above, closed 25%
TP 2 hit at $102.50, so closed another 25%.
Stop Loss (SL) got hit on the remaining 50%.
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So another great swing trade with proof.
Now to look for next Fib-signaled opportunity
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.