OSUR missed earnings by .03, but gave upward guidance with Emergency Use Act submission for rapid COVID tests.
The upward wedge/channel has a 35% higher top from current levels and around a 30 day periodicity.
Healthcare is a defensive play, and these guys have low debt. Reopening will require a lot more testing to confirm.
I think it could break up from the wedge, but I see a 30+% profit target either way
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
The upward wedge/channel has a 35% higher top from current levels and around a 30 day periodicity.
Healthcare is a defensive play, and these guys have low debt. Reopening will require a lot more testing to confirm.
I think it could break up from the wedge, but I see a 30+% profit target either way
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Nota
OSUR has let me down a bit, but I think a new target of 9.49 is a bounce spot with the same pattern to repeat. Waiting on Emergency Approval to hit for their latest rapid COVID tests. 
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.