OXLC price action looks bullishNASDAQ:OXLC is trending upwards, this is a high risk trade but with very tight stop. Long to target levels on the chart, stop daily close below 5.35$.
0.66USD
−171.29 MUSD
241.84 MUSD
229.82 M
About Oxford Lane Capital Corp.
Sector
Industry
CEO
Jonathan H. Cohen
Website
Headquarters
Greenwich
Founded
2010
ISIN
US6915431026
FIGI
BBG000R41XY0
Oxford Lane Capital is an investment company that invests primarily in debt and equity tranches of CLO vehicles.
OXLC - Slanted Double BottomsRepeating double bottom patterns, on a slant.
I expect price to rise for a short term as per the double bottom but then collapse even further down as was seen with the earlier double bottoms
Weekly chart
OXLC 06/09/2021Daily
Whale movement detected ready to Pump
Money Flow smoothly show increasing of accumulation from market maker
Accumulation phase regain momentum for another Spike to happen.
Monthly show healthy uptrend and money flow
OXLC Swing IdeaThink goes down to 10 and bounces back to 11.50. Looking at weekly and daily the rsi tends to reverse around 25-30.
Entry Zone 10-10.33. I think more downside to come to I think 10 but I would keep 10.33 on watch as well.
Channel forming, upside after dividendOXLC has a history of price dropping slightly after 4% dividend payout, then rebounding just before next dividend payout. Upside ~11.52 in 2-3 months.
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