$OSCR
Added 2024-12-23 11:29:12 +0000 UTCThere appears to be a double bottom so far above the 0.5 Fib at $13 and $OSCR has performed well since Fridays rebound
We know that the low risk entry is above the 200 Day MA which is at $17.30, so adding at these levels will mean taking on some risk
I have a position and I am happy enough to hold until I see a movement in an impulse wave and I will have no issue adding one more time if I see this under the 200 Day MA
The set up and potential is certainly there and I like what I see but the main issue is that I just can't rule out a retest of the 0.5 Fib at $12.72 or the standard pull back level of the 0.618 Fib at $10.18
This is the main risk.....I do believe it reverses soon
