OP Currently retesting the trendline after breakout out - Also testing Top BBand.
If this Holds, 5EMA should catch up by tomorrow, signalling that this short term Uptrend is still going strong.
Friday Gap almost closed, but a complete closing of the gap would be preffered.
Bearish if the retest of the breakout trendline fails.
Messed up the the sub-event previously, but after positive FA events, I expect this updated view as a possibility.
Large insider buying recently, and 2 upcoming financial reports only 1,5 months apart could lead to a "Buy the rumor sell the news" followed by "retest of support"/"reaccumulation"/"letting MA's catch up"/"shakeout" - call it what you want, but the...
As shared earlier, the RSI(!) showed a Wyckoff Accumulation pattern.
After recent price action, it seems that also the PA is following along.
Major FA-events occured lately, and a good subscription could force a "buy the rumor, sell the news event", driving prices back down to the huge volume-defined base - holding this area, would strongly increase the theory...
Due to tons of dillution, wyckoff patterns can be hard to spot on the price - however, i noticed that the monthly RSI had some pretty large similarities.
This would suggest the markup phase would begin Late Q4/Early Q1 2022.
Todays Rejection Wick off of the newly established upgoing trendline could mark the beginning of the end of the 47-month long downtrend.
Biggest hurdle is the massive point of control at 0,222 SEK, but recent volume, uptrend and todays wick coupled with low rates from FED/ECB should make the odds of breaking free slightliy better.
Nothing is given with Oscar...
Oscar Properties is an awesome stock to do a super short trades. It goes up and down 100%'s percents with a lot of volume that lets you long or short it. Currently on a 4h chart it seems like OP broke out and confirmed asymmetric triangle. Stock is super unpredictable but all indicators seems to show temporary bottom 🤷🏻♂️
Oscar Properties OP - Swedish Luxury Apartment Developer
In this series of Swedish Real Estate charts we take a look at Oscar Properties - oscarproperties.com
Oscar Properties are a Stockholm based residential developer specialising in high end residential projects. In 2014 they entered the NASDAQ and subsequently had a dynamic rise to a high in march 2017 at...
