There was no reason to miss this trade! But if you did, there will be more opportunities for a long entry before we retest the higher time frame white selling channel above. Look for these same controlled selling algorithms to appear before getting picked up by buying continuation (ideally yellow strong)
Happy Trading :)
- TraderDaddyOG
Higher Time Frame tells us everything. We are allowing this to build liquidity in a controlled selling fashion and would like to see our teal buying algorithm pick price up once reached very soon. We've already begun the tapering process on the sell side (orange and magenta controlled selling) so this is shaping up to be a nice breakout.
See you all there!
Happy...
A very strong company clearly building some much needed liquidity for a further push up. Very controlled selling algorithms in play right now and most importantly, with yellow tapered buying in control of price right now, we will need to prove some sell-side tapering on magenta before activating orange strong buying for the breakout. This breakout of controlled...
Company info:
Oscar Health provides a personalized experience for those seeking affordable healthcare. It offers incentives to its customers to stay healthy, including cash rewards. Oscar offers tailored services and a concierge care team designed to help its members find the medical care and services they need.
Technicals:
It is again forming a flag and looks...
OSCR on the daily chart is shown near to but below the POC line on the volume
profile anchored in April. The ZL MACD has a low amplitude histogram. On
the directional index indicator both negative and positive lines are nearly trendless
at the 20 level. The price is closer to the lower Bollinger Bands and so a reversion
to the mean would be upward price...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 7.5/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Looking to buy shares Monday and looking at the 1/22 15C options. I expect OSCR to struggle a little to get through 18.5 but when through I expect the mid 20's to trade.
Insider activity: www.tipranks.com
NYSE:OSCR
Possible Scenario: LONG
Evidence: Price Action,
Entry Point : 17.30$
Call options, strike 20$, 10/15/2021.
*This is my idea and could be wrong 100%.
Multiple cluster buys from CEO and Directorship over the last couple of months - most recent 17SEPT. Purely technical play set up for breakout - synthetic long. PT is 21.70 which is a result of my own fundamentals and tech analysis. Primary motivation is the ongoing insider buying and tech set up of price action.
OSCR in Daily still bearish but we just begun an incertitude phase. It is preferable to wait before to identify the new direction.
Positifs signals we are waiting for:
• Break the range by superior limit
• Ichimoku composant cross the cloud (Price, chninkou and tenken
In the other hand we have Two supports to see : 16.42 and 15.40
We are forming a daily chart bull flag pennant on OSCR. With the recent 5-5.5 rise in this stock look for a continuation to probably 22-23 range if we break resistance at 18.5
I see the trend is up after the earnings and I noticed the CEO bought +57,300 shares which indicates to me they know something. I'm going to say this stock may rebound back to the $34 range.
I'm liking the volume the past 3 days. Could be reversal time.
Got a long position at 13.13. Looks like it's already up 1.5% just in the time I drew the chart out
