OSH - A great buying opportunity

The price action has strongly pumped to the upside and printed a higher high, meaning strong bullish action. It is currently facing resistance in the $4.05 - $3.85 region, (previous resistance) printing bearish candles. Therefore it is expected to retrace and give a pullback for another buying opportunity.

1. Impulsive move to the upside with a higher high
2. Golden Cross in development
3. I will wait for price to pull back to $3.20 - $3.00 region (Buy Zone)
4. The Buy Zone is also a High Volume zone
5. There is also a gap window in the Buy Zone.

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.

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Bearish candle today. Expecting to pull back according to plan.

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Consolidation is in progress.

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Still expecting a pull back. Price in consolidation mode.

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Price is coming down and expected to come down into the Buy Zone (between $2.90 - $3.20), waiting for a potential Buy Setup, and Bullish Price Action to take a buy position.

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Price did not retrace down, but infact moved higher. Now that price has continued up and entered in the Gap Window Resistance Zone of $4.10 - $5.00 with High Volume, I expect price to reach to the top of the Gap Window Zone of $5.00 and close the Gap, and find strong resistance. From there, I expect price to retrace down in the Buy Zone between $3.40 - $4.00, where I would be a buyer.

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My views and idea on OSH is the same. Price has continued higher but I still believe that OSH is a good buy lower. It may or may not move higher but its good to wait for it to pull back lower to buy it cheaper. I expect profit taking by Buyers to kick in soon, and price to head back lower for an amazing Buying Opportunity. My ideal Buy Zone will be $3.30 - $3.80 range, so lets see.

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OSH has been going up and making Higher Highs but we can see a lower peak on the RSI as it is coming down from the Overbought Zone. We can also see MACD which has made a lower peak and now decreasing Histogram indicating a decrease in Bullish Momentum. This shows that OSH is expected to rollover and come down. I am expecting OSH to drop to my Buy Zone of $3.30 - $3.80 range, where I will be waiting to buy.

AsimMirzaTrader

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AsimMirzaTrader

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