$OSUR: Strong base after a 49% decline...

I think this is once again an interesting name to buy back here...I recall @timwest pointing it out in early 2016, near the very bottom before a huge rally. We were bullish on it at the right time, and I think it's the right time once again.
Fundamentals for the stock are a bit convoluted, with self diagnostic kits segment being highly competitive, and sales slumping, but the chart shows renewed interest in the stock from big buyers, given the accumulation base after a strong climb a month ago.

I would assume some interesting news is about to come out, that might be the catalyst to push it up from this base...
I'll be a buyer on signs of strength, if it breaks up from here soon.
Keeping an eye on it.

Cheers,

Ivan Labrie.

Commentaire:

So far so good, looks like we have caught the start of a move. Now it's a question of gauging follow through, when approaching resistance at 9.16.

Commentaire:

$OSUR trending still, the 3 day low was supported by strong buyers, trend is up.
I'd be careful ahead of earnings by 6th Nov.

Trade fermée manuellement:

I took profits near the high on Friday, looking to rebuy after earnings maybe.