Blue line = 200 EMA
Light blue line = 50 EMA
Golden line = VWAP anchored at OSCR's IPO
Pink line = VWAP anchored off of bullish daily candle at the all time low reversal 12/29/22
Green line = VWAP anchored at the 3/28/23 gap up through the pink VWAP + massive volume spike 3/28/23
I'm seeing a pattern that when the price breaks below both the 50/200 EMA and the green and pink VWAPs it's followed by a strong reversal to the upside.
In addition, if you apply Elliot Wave Theory, the stock has appeared to have completed an ABC correction, begun a new impulse wave, and waiting to find support to validate that wave 2 is complete before it begins a longer wave 3.
Light blue line = 50 EMA
Golden line = VWAP anchored at OSCR's IPO
Pink line = VWAP anchored off of bullish daily candle at the all time low reversal 12/29/22
Green line = VWAP anchored at the 3/28/23 gap up through the pink VWAP + massive volume spike 3/28/23
I'm seeing a pattern that when the price breaks below both the 50/200 EMA and the green and pink VWAPs it's followed by a strong reversal to the upside.
In addition, if you apply Elliot Wave Theory, the stock has appeared to have completed an ABC correction, begun a new impulse wave, and waiting to find support to validate that wave 2 is complete before it begins a longer wave 3.
Nota
Whoops - forgot to show the EMAs but no change to the thesis.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.