OSCR LongPlaying safe for a 1 r/r, recent upswing followed by complex pullback, keeping higher stop than usual for lower size.
OSCR trade ideas
Oscar Health (OSCR) - Pennant Formation and CoilingCompany info:
Oscar Health provides a personalized experience for those seeking affordable healthcare. It offers incentives to its customers to stay healthy, including cash rewards. Oscar offers tailored services and a concierge care team designed to help its members find the medical care and services they need.
Technicals:
It is again forming a flag and looks poised for a breakout.
ADR is high which I like because the breakout can be explosive for the pennant.
Ideally, a strong 1st hour today can be the catalyst to propel it higher.
Will update price targets as we go along.
Goodluck!
OSCR Earnings Beat Setup LONGOSCR on the daily chart is shown near to but below the POC line on the volume
profile anchored in April. The ZL MACD has a low amplitude histogram. On
the directional index indicator both negative and positive lines are nearly trendless
at the 20 level. The price is closer to the lower Bollinger Bands and so a reversion
to the mean would be upward price action.
I am looking to take a long trade here. The entry would be by a buy stop over
the POC line at 7.35 and the stop loss at 7.05, the low of the last red candle.
The targets are 8.75 and 9.85 corresponding to horizontal resistance lines.
This is a swing trade planning for a profit of about 30%. The stop loss of 0.30
as compared with an average target of 1.75 is about 1:5 for the risk to reward.
I may take an options trade of 1-3 months duration as well. Leave a commnet , if
you would like to know my considerations for a call option. Healthcare and medical
are relatively strong sectors right now compared with the chaotic market at large.
OSCAR HEALTH Stock Chart Fibonacci Analysis 082023 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 7.5/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Oscar in for a retrace? Oscar hit resistance with doji on the daily. Might retrace to 8 range. Looking for a better price entry.
Oscar keeps moving. How high will it go? Guessing 9.5 ish. Glad to see it moving. No big headlines yet, but virtual investor conference coming March 25.
Up? Break of 3 month resistance in a big way considering bear market. Interesting to see the breakout.
Insider Activity and a divergence showing.Looking to buy shares Monday and looking at the 1/22 15C options. I expect OSCR to struggle a little to get through 18.5 but when through I expect the mid 20's to trade.
Insider activity: www.tipranks.com
Long | OSCRNYSE:OSCR
Possible Scenario: LONG
Evidence: Price Action,
Entry Point : 17.30$
Call options, strike 20$, 10/15/2021.
*This is my idea and could be wrong 100%.
OSCR (Long) Awaiting B/OMultiple cluster buys from CEO and Directorship over the last couple of months - most recent 17SEPT. Purely technical play set up for breakout - synthetic long. PT is 21.70 which is a result of my own fundamentals and tech analysis. Primary motivation is the ongoing insider buying and tech set up of price action.
OSCR : incertitude phaseOSCR in Daily still bearish but we just begun an incertitude phase. It is preferable to wait before to identify the new direction.
Positifs signals we are waiting for:
• Break the range by superior limit
• Ichimoku composant cross the cloud (Price, chninkou and tenken
In the other hand we have Two supports to see : 16.42 and 15.40
OSCR Health Bull pennant formingWe are forming a daily chart bull flag pennant on OSCR. With the recent 5-5.5 rise in this stock look for a continuation to probably 22-23 range if we break resistance at 18.5
Clear trend upI see the trend is up after the earnings and I noticed the CEO bought +57,300 shares which indicates to me they know something. I'm going to say this stock may rebound back to the $34 range.
OSCR may have hit bottomI'm liking the volume the past 3 days. Could be reversal time.
Got a long position at 13.13. Looks like it's already up 1.5% just in the time I drew the chart out
$OSCR is giving a GREAT IPO SHORT opportunity todayIPO intraday trading strategy idea
Oscar Health is tech-enabled medical insurance provider.
The share price is falling and gonna continue this trend today.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price today.
So I opened a short position from $36;
stop-loss — $37,70
take-profit — $31,00/MOC price
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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