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mansur7
Jan 23, 2024 12:01 PM

Oscar Health (OSCR) - Pennant Formation and Coiling Long

Oscar Health, Inc.NYSE

Description

Company 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!

Comment

Selling half of my position now.

Letting the rest now with stops now at 11.60

Trade active

Oscar had good earnings but also raised guidance.

Great news all around!

Comment

Moved my stop to 14.
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