Oscar Health moves in cycles. It's possible to observe algorithmic confluence with the 3rd extension at 1.618 (~$60). The price reacted to the algorithmic expansion channel as expected and retraced to the equilibrium of the weekly bullish breaker. Therefore, the price behavior I anticipate is an aggressive expansion toward the next algorithmic level around $30, potential consolidation thereafter, and a final expansion toward the end-of-cycle target in the $60s.
This analysis is purely speculative and for educational purposes only.
This analysis is purely speculative and for educational purposes only.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.