OSK eyes on $88.82-89.24: Key Resistance to Tariff Relief bounce

10 apr

OSK bounced into a key resistance after Tariff pivot.
Mostly US based company so almost immune to tariffs.
Currently testing first fib support so maybe ready to go.

$ 88.82-89.24 is the exact resistance zone of interest.
$ 86.66 is first (minor) fib support for bulls to hold.

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9 mag

Trade attivo

Breakout under way!

(yellow shaded area is from posting time)

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Zoom with notes:

We got a nice Break-and-Retest on resistance.
Now bulls need to flip the Covid fib at $91.49.

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If we can confirm $91.49 as support

Then we should be able to hit $95.81 next.

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That would give us about 7% gains total

Thus our target is $95.81 minimum.
Stop Loss at Break even for now.

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29 mag

Trade chiuso: obiettivo raggiunto

Target HIT and then some!

(yellow shaded area is from posting time)

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Closer look with trade notes:

TP 1 hit per our last update above, closed 25%
TP 2 hit at $102.50, so closed another 25%.
Stop Loss (SL) got hit on the remaining 50%.

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So another great swing trade with proof.
Now to look for next Fib-signaled opportunity

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