The Long Investor
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$OSCR TOP 10
🕑 Added 2025-03-05 11:51:52 +0000 UTC$OSCR is now at the wedge breakout level at $15.75 in the PM now, there is no breakout just yet but it is very close and this is a test now.
$OSCR has been incredibly impressive all week and we really like how the abc pull back has moved exactly as projected and now back up to test the breakout level again.
The plan is still the same and it is clear:
A breakout of the wedge and hold will be a bullish signal
A breakout above the 200 Day MA and holding at $17.10 and we have a reversal confirmed for me and I would expect a move up to the blue line next at $23.55
However, a rejection at $15.75 caused by market weakness then we can expect more movement in the wedge and we will stay patient, we can not force a stock to breakout, the market is still finding its feet after the volatility of this week, so we must be patient.....but I like what I see here.
Comments
Idir ADANova
best ratio would be the PEG
Mark Hutson
I'm just going by P/E shown on FreeTrade investment app, so could be a poor estimate... Thanks for explanation!
Vojtěch Šimeček
What do you mean Mark? It did not have P/E as it was unprofitable and Forward P/E is 18. Cap prefers to use forward P/E as it reflects the growth.
Mark Hutson
I have a position in OSCR - can you explain why a high P/E ratio does not put you off OSCR? Thanks.
