OSCR - This could be MASSIVE!NYSE:OSCR
Still doing my DD on this name but here are my thoughts on the technical side of the house.
Monthly Chart Analysis:
CupnHandle Breakout = $45 🎯
Bullish:
- CupnHandle forming
- At the first Volume Shelf with a GAP above
- In a bullish up trend
- Michael Burry bought at current prices
Bearish:
- S/R zone range is $10-$13.50
- Volume GAP down to $10ish
- Bottom of Bullish channel is $10ish
- Wr% is down-trending
My Opinion:
- I believe we will more than likely form a deeper handle due to the fact that the Wr% is down-trending. I've found that when we break above -20 and then start a bearish channel descent we get to -80 or to the green support beam before we bottom out and then bounce to the opposite end of the spectrum.
- This would bring us into the $10-12 range before we see a bounce.
- I believe this to be the case as we now have a red H5 Indicator that is almost making a bearish cross as well.
As I said I'm still doing my Fundamental DD on this name but if it does turn out to be fundamentally undervalued with a bright future then I would welcome this to fall further in order to buy more.
Not financial advice
