donaitelo

OAS - Great wedge setup

Long
donaitelo Updated   
NASDAQ:OAS   None
OAS dropped really hard this week, because they delayed their earnings with 5 days, so everyone decided to sell. OAS stated, that they needed a little bit more time to finish their ER, so this could be a bad thing, but delaying earnings of companies is normal and right now nobody expects good earnings from any oil company. OAS is known for big movements and a lot of volume, so the bad earnings are priced in and this stock could fly if the earnings on monday are not as bad as everyone thinks
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