Sharecare is setting up for a nice bullish swing.
The facts:
TP1: $5.64: TP2: $6.55; Look to re-enter if resistance (purple line) is breached.
Trading at ~2x 2022E revenue.
Broadening wedge pattern.
Bullish divergence on the daily RSI/MACD.
Fibonacci retracement seems to favor and respect the 3.272 as seen from the August 17th, 2021 low.
Overall bullish on Organigram, but not at the current price level. We are not quite into oversold territory, and will need strong volume to signal a reversal.
1st Buy Target: $2.25 coincides with a minor support level and the 200WMA. This level may also provide a nice bullish swing failure of the previous low of $2.38 on the weekly time frame.
2nd Buy Target:...
Keeping this chart simple:
$OXT looking primed to breakout, and I’m betting on the upside. Daily close above $0.8178 (blue dotted line) would give us a short term target of $1.4969, but my long term target is much higher.
The low volume (yellow dotted line) typically indicates a breakout is imminent. Higher time frame indicators look good for continuation...
