OP Currently retesting the trendline after breakout out - Also testing Top BBand.
If this Holds, 5EMA should catch up by tomorrow, signalling that this short term Uptrend is still going strong.
Friday Gap almost closed, but a complete closing of the gap would be preffered.
Bearish if the retest of the breakout trendline fails.
Messed up the the sub-event previously, but after positive FA events, I expect this updated view as a possibility.
Large insider buying recently, and 2 upcoming financial reports only 1,5 months apart could lead to a "Buy the rumor sell the news" followed by "retest of support"/"reaccumulation"/"letting MA's catch up"/"shakeout" - call it what you want, but the...
As shared earlier, the RSI(!) showed a Wyckoff Accumulation pattern.
After recent price action, it seems that also the PA is following along.
Major FA-events occured lately, and a good subscription could force a "buy the rumor, sell the news event", driving prices back down to the huge volume-defined base - holding this area, would strongly increase the theory...
Due to tons of dillution, wyckoff patterns can be hard to spot on the price - however, i noticed that the monthly RSI had some pretty large similarities.
This would suggest the markup phase would begin Late Q4/Early Q1 2022.
Todays Rejection Wick off of the newly established upgoing trendline could mark the beginning of the end of the 47-month long downtrend.
Biggest hurdle is the massive point of control at 0,222 SEK, but recent volume, uptrend and todays wick coupled with low rates from FED/ECB should make the odds of breaking free slightliy better.
Nothing is given with Oscar...
Oscar Properties is an awesome stock to do a super short trades. It goes up and down 100%'s percents with a lot of volume that lets you long or short it. Currently on a 4h chart it seems like OP broke out and confirmed asymmetric triangle. Stock is super unpredictable but all indicators seems to show temporary bottom 🤷🏻♂️
Oscar Properties OP - Swedish Luxury Apartment Developer
In this series of Swedish Real Estate charts we take a look at Oscar Properties - oscarproperties.com
Oscar Properties are a Stockholm based residential developer specialising in high end residential projects. In 2014 they entered the NASDAQ and subsequently had a dynamic rise to a high in march...
Oscar Properties Holding AB engages in the acquisition, development, and marketing of real properties. It operates through the Housing Development segment. The company was founded by Oscar Engelbert in 2004 and is headquartered in Stockholm, Sweden.