OUST has clearly transitioned from bearish to bullish, respecting its ascending trendline with multiple successful retests. After the recent breakout, price has now pulled back to retest the $28.5 support line.
As long as this level holds, the bullish scenario points toward the next major target around $50, which aligns with a key historical resistance zone.
• Entry: Above $29 with confirmation
• First Target: $50
• Stop Loss: Below $24–25 (under current support)
As long as this level holds, the bullish scenario points toward the next major target around $50, which aligns with a key historical resistance zone.
• Entry: Above $29 with confirmation
• First Target: $50
• Stop Loss: Below $24–25 (under current support)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.