The Long Investor

$OSCR

Added 2024-12-27 11:30:59 +0000 UTC

We now have a number of tests above the 0.5 Fib at $12.88 for support since the 16th of December and in the PM now the price action is testing a new higher high above $14.64

The price is also above the 50 MA on the 1hr chart now after yesterday bounce too

There is still a bit to do here to confirm a reversal and that Wave C is complete, which is why I can't rule out another test of the 0.5 Fib or the 0.618 Fib at $10.30.

A move back up to the 0.38 Fib at $15.46 over the next week or so would confirm that the trend is moving in the right direction and we could see a new impulse wave forming.

We all know how difficult it is waiting for a new impulse wave to start and it can only rightly be confirmed after Wave 2 is complete, we are not near there yet.

So I will be adding $OSCR again soon but will wait for the set up first

Needless to say I am happy with the response so far since the 0.5 Fib support level.