Oscar Health (OSCR) Technical Pulse - Update 2
Our Blueprint for Riding Oscar Health’s Next Upswing
What’s Going On with OSCR 0.00%↑ ?
No new earnings or company-specific headlines since our July 3 post. Market chatter around ACA subsidies has cooled, and sector sentiment is quietly stabilizing. Technically, OSCR looks to have completed its C-wave of the June correction near $14.13 (daily Fib 1.000) and is now carving out an A–B–C bounce that’s already retraced nearly 25% of the prior fall.
Indicator Rundown
MACD (1 h & 30 m): Histogram flipping positive as MACD line crosses above signal. Early bullish momentum.
RSI / StochRSI (Daily): RSI rising from 30 to ~48; StochRSI popped out of oversold, signaling a genuine bounce.
ADX (Daily): ~20 trend is in its infancy. A rise above 25 would confirm stronger follow-through.
ATR (Daily): Rolling lower toward 1.40 → 1.25. Volatility easing post-crash.
Volume: Noticeable uptick on July 15–16 rally days, confirming buyer interest at these levels.
Ichimoku (Daily): Price still below the cloud; Tenkan is curling up toward Kijun at $17.09, a breakout above the cloud (~17.80) would be a major structural shift.
How We’re Playing It
Buying on a daily close above $15.54 (the high of the leg off the $14.13 low), confirming the first impulse wave.
Stop-Loss
$14.00 (just below the $14.13 July low to give a small buffer).
Target (Wave 1)
$17.00 – the 1.0× length of the initial thrust ($15.54 − $14.13 ≈ $1.41; $14.13 + $1.41 = $15.54 then scale to $17.00 for a round level).
Position Sizing & Management
Deploy 100% of your intended size on the $15.54 breakout.
Take 50% off at $17.00 (Wave 1 completion).
Move your stop to breakeven ($15.54) once the first 50% is sold.
Secondary Objective (Wave 3 prep)
After locking in gains at $17, look for the Wave 2 pullback (likely into $15.50–$16.00) as a spot to reload for a larger Wave 3 run.
Bottom Line
Wave C has likely finished around $14.13, and the first impulse leg (Wave 1) should be underway. A clean close above $15.54 confirms this new uptrend, with controlled risk under $14.00. Targeting $17 captures Wave 1’s full measured move, and setting you up to reload on the ensuing Wave 2 dip into the $15.50–$16.00 zone for what is typically the largest Wave 3 leg. Discipline on your entry trigger, stop, and scaling is key to riding this fresh impulse safely.
This analysis is provided for informational purposes only and should not be construed as financial advice.