The Long Investor

$OSCR

Added 2025-02-24 12:33:32 +0000 UTC

Some resistance at the descending wedge top line on Friday, just about every position felt the pressure on Friday bare Chinese ADRs, so it would have been unlikely that Friday would be the day that we'd get our breakout of this wedge.

If we get our 3 wave abc pull back now I would be happy with that and we already got a test of the 0.5 Fib on Friday too at $14.90, which was also the 50 Day MA.

So a bounce today, followed by another move down to complete Wave C is very encouraging, there we will have a higher low pull back, a corrective wave means the overall wave count is moving higher and the descending wedge will likely breakout next

We are already up +11% here YTD and showing a lot of promise and a lot of attention on line, we are where we need to be, these movements now strengthen a structure, so give it time to build.