Flushed down -13.5% at the opening yesterday which we felt was uncalled for on the back of very little news or an announcement, we assessed that it was likely a stop loss raid because of the percentage decline and we stepped in and took advantage....we are already +8% up on this buy but that is not our main objective, we are managing our average by adding where we are comfortable (by keeping within the dimensions of the wedge) and focusing on long term and breaking out above $17.
We can see now that $OSCR has consolidated between the $15 - $12 level since October, so by having an average under $15 at this point, I believe we are in a strong position when this does eventually breakout.
We are not trying to catch the bottom.
If we get a continuation today, we could be looking at another test of the wedge breakout over the next few sessions.
Jack Man
2025-03-17 14:02:42 +0000 UTCFederico Salerno
2025-03-12 11:50:48 +0000 UTC