So far so good folks, a very clear test, hold and bounce on the 0.618 Fib at $14.12 which we have been monitoring for the last 2 weeks, where we expected the ABC pull back to complete, so I am happy we were able to track this very well, which always allows holders to feel more comfortable with their positions and allows them to add again on the pull back to a higher low.
There is a possibility that $OSCR can retest the 0.38 Fib at $15.47 next and a hold above this level and I think there is a legitimate case that $OSCR can break out of this wedge next.
Until then we need to be open to the price staying in the wedge and we should be comfortable with that but a breakout is a possibility next.
Sid
2025-03-03 20:51:48 +0000 UTC