Healthcare is under immense pressure, time to review the charts of the best names to own in possibly the mosted hated sector. Today I will look at Oscar Health. It's clear the trend remains down, but does this present an opportunity? Let's look at reasons to start a dca approach at key support levels:
- 43% drop from recent highs
- support coming in from the VAL
- support levels below include the golden pocket and daily support
- cup and handle formation
This could well present an opportunity for anyone who is particularly bullish on the fundamentals of this business. However, I must stress, if the critical support level is lost around $10 i'd be looking to cut my losses. Personally I will only be looking to add if we can find a base or have a reaction to the upside. Watch this closely, this stock has potential.
Not financial advice.
- 43% drop from recent highs
- support coming in from the VAL
- support levels below include the golden pocket and daily support
- cup and handle formation
This could well present an opportunity for anyone who is particularly bullish on the fundamentals of this business. However, I must stress, if the critical support level is lost around $10 i'd be looking to cut my losses. Personally I will only be looking to add if we can find a base or have a reaction to the upside. Watch this closely, this stock has potential.
Not financial advice.
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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.
Disclaimer
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.