$Oscar Health, Inc.(OSCR)$ $Hims & Hers Health Inc.(HIMS)$ $Clover Health Corp(CLOV)$ ππ₯π $OSCR in the $16s: Back Where Smart Money Gets Involved ππ₯π
I like this setup a lot. Itβs not breaking down, itβs coiling. The structure is tightening with precision.
Oscar Health just completed a textbook backtest of its monthly bias zone, holding the golden pocket near the 200-day and reclaiming the anchored VWAP from March. This is a strategic liquidity zone. More than 2.1 million shares exchanged hands during the flush, nearly twice its 10-day average, followed by stabilisation and controlled re-accumulation.
Technically, price is compressing between $16.32 and $16.69. RSI is resetting with bullish divergence emerging, and MACD is flattening at the zero line. If $16.69 breaks with conviction, Iβm eyeing a move to $18.65 and then a reclaim of the prior high at $23.57. That represents over 40% potential upside, with a measured move extension pointing to $25.50.
π‘ This is more than just a chart setup. Oscar is one of the few tech-enabled health insurers scaling efficiently. Membership growth is running at 41% year-on-year, while SG&A expense improved in Q1. The company is projecting 500%+ EPS growth this year and is on track for profitability ahead of sector peers.
From a valuation perspective, $OSCR remains deeply discounted. Based on forward EV/EBITDA and relative to its 2021 IPO benchmarks, the stock is currently undervalued by approximately 41%. With 20%+ revenue CAGR, expanding margins, and a moat in digital-first care delivery, Oscarβs model supports re-rating in both growth and value frameworks.
π§ One underappreciated feature of this setup is the compression happening within a rising volume base. The current pattern reflects price acceptance, not rejection. Institutional players tend to build size under key resistance levels before directional pivots.
β οΈ Key risk to monitor is the $15.80 zone. A clean break below that would negate the pattern and reopen downside gaps. As long as we hold above that level, the risk-reward remains highly favourable with upside targets clearly defined.
π What Iβm watching:
β’ Clean breakout above $16.69 with volume confirmation
β’ Q2 earnings catalysts including medical loss ratio guidance
β’ Institutional flows and short interest adjustments
β’ Sector sentiment across healthtech and managed care
Oscar isnβt just holding its ground, itβs building a base for something bigger.
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Trade like a boss! Happy trading ahead, Cheers, BC πππππ
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G8 bc π