OSCR ready to bounce and extend off of long term VWAP

31 May

Blue line = 200 EMA
Light blue line = 50 EMA
Golden line = VWAP anchored at OSCR's IPO
Pink line = VWAP anchored off of bullish daily candle at the all time low reversal 12/29/22
Green line = VWAP anchored at the 3/28/23 gap up through the pink VWAP + massive volume spike 3/28/23


I'm seeing a pattern that when the price breaks below both the 50/200 EMA and the green and pink VWAPs it's followed by a strong reversal to the upside.

In addition, if you apply Elliot Wave Theory, the stock has appeared to have completed an ABC correction, begun a new impulse wave, and waiting to find support to validate that wave 2 is complete before it begins a longer wave 3.

31 May

Not

Whoops - forgot to show the EMAs but no change to the thesis.