OSUR missed earnings by .03, but gave upward guidance with Emergency Use Act submission for rapid COVID tests.
The upward wedge/channel has a 35% higher top from current levels and around a 30 day periodicity.
Healthcare is a defensive play, and these guys have low debt. Reopening will require a lot more testing to confirm.
I think it could break up from the wedge, but I see a 30+% profit target either way
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
The upward wedge/channel has a 35% higher top from current levels and around a 30 day periodicity.
Healthcare is a defensive play, and these guys have low debt. Reopening will require a lot more testing to confirm.
I think it could break up from the wedge, but I see a 30+% profit target either way
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.