OSUR has enough failed attempts on both resistances I think it may just crack again sending it up to 16-20 range. Maybe even more. Do your own DD but it is extremely clear its very hard to get candles above the dual green zone of resistance and keep them up there longer term. Let's see how this next week or two play out. Could be interesting.
I think this is once again an interesting name to buy back here...I recall @timwest pointing it out in early 2016, near the very bottom before a huge rally. We were bullish on it at the right time, and I think it's the right time once again. Fundamentals for the stock are a bit convoluted, with self diagnostic kits segment being highly competitive, and sales...
This one is one of Tim West's findings. After exhaustive technical analysis on my part, I noticed we had a great chance to enter right at the start of a quarterly rally in the stock, so I took the plunge recently, ahead of earnings, at 8.87. I reduced my position to 3%, down from 13% to book some profit and in case we get a dip to add back to longs. I did swap...
OSUR is an earning winner (+40%), it's making higher highs and higher lows. Now it's in a corrective phase, but at the end of this correction i'm expecting one more wave up. A strong breakout of the rising trendline invalidates this setup. Potential gain over 30%.