itssean310

For a high risk high reward setup, I present $OUST

Long
NYSE:OUST   Ouster, Inc.
$OUST has been in a general down trend since June of 2021. I would say that anyone buying this stock is gambling. However, I feel there is a chance for a bounce here. $OUST designs and manufactures digital lidar sensors for industrial automation, smart infrastructure, robotics, and automotive markets. With the increased push for self driving cars, there might be a chance for some growth for this company. Citigroup has a price target of $17 and a buy rating. I would be please with anything above $6. The stop loss on this stock is about 16% lower at the red line. But if it did get to $6 that would be a gain of above 62% . Risk of 16% reward of 62%. There are 104M shares in the float with a little over 9% short. If I had seen this chart the day prior, I would say this would be a short. But Friday it did close back over the upper trend line. Should be an interesting one to watch in the short term.

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