OSCR to below $11 long-term

To be treated as a downtrend.

Currently in a Weekly sideways trend. Price may bounce the bottom of the orange line, and rally higher (50-60% of the range) then fall lower.

Or the recent downtrend may continue lower, with normal sized pullbacks, and continuations lower.

Gaps up / down may give much more clarity as to the short-term direction.

Not bullish on OSCR. Since we're at the bottom of the range, expect buying / demand.

Then watch to see what that demand does. Quite possible, short-term traders will buy and sell rather quickly. When their rally rolls over, you can look at shorting the topping pattern and target the bottom of the range and lower.

Lines drawn are just 2 ways price may develop (big picture).

Blue line may be better if interested to short, as you'll get a better price + closer to resistance.

Orange line, shorting can work as long as trade is watched closely. Usually not a good idea to short a support level. Unless it rejects off of it. One example. Break down below support, retest, short here. Or wait for 2nd breakdown (the breakdown of the lower low, followed by the retest, and break beneath the lower low) and short here.