I am happy that the price managed to hold on the bullish flag top line and above the 1.618 Fib yesterday on what could have been a difficult day for the market after Moody's downgrade.
Retail investors piled into their favourite stocks and helped pop up the market
Something that is a concern for me if I am being honest, retail typically only has one objective: always buying. They are very weak planning for any pull backs or waiting for any pull backs to buy....and they rarely consider macro influences.
Institutions do not have this aimless luxury, they must protect their funds or at a risk of losing their gains and performance for the year....which will affect their ability to attract future customers.
That being said, $OSCR has not been following the market and completed Wave C for me in April, after declining for 6 months, unlike the market.
So I am happy that we are in a different cycle to the market here and should continue to follow our plan.
One more leg up for Subwave 5 and then we will get our ABC Subwave pull back, with the anticipation to add again around $15.
Sid
2025-05-20 12:53:28 +0000 UTCSid
2025-05-20 12:52:39 +0000 UTCCraig Allen
2025-05-20 12:25:24 +0000 UTC