$OSS - low risk/reward - Swing Idea

24 de mai. de 2019

OSS swing idea

1. Recent Earnings
2. Retraced to all time low (Multiple bottom)
3. Upcoming Conference 6/4/19

Market is weak so small caps and all other sector is bearish. So I'm looking for low risk entry with tight stop loss.

Idea:
1. Enter within the Orange and Red Line OR HOD break of Friday's candle - Scale out 5-8% (target is the green line) but will scale out at any opportunity. Rinse and repeat the play if it falls back to support zone.
2. Honor your Stop loss if it goes below RED line (5c or 7c - depends on where you have entered)
3. Low volume so manage your size/shares.

OR.. You can wait for confirmation when buyers start to step in on a weekly chart.

With the market being so weak, I'm taking smaller position and taking profits faster. Keep adding to support and move stops up accordingly.

Remember! HONOR your STOP LOSS & Plan your trade for small caps.