OSI Systems, Inc. : Bearish scenario preferred
Entry price | Target | Stop-loss | Potential |
---|
US$68.37 |
US$0 |
US$71.6 |
+100% |
---|
OSI Systems is coming near to a strong resistance area and could be driven in a correction phase.
From a technical viewpoint, the proximity of the USD 71.4 medium-term resistance limits the upside potential of the stock. The uptrend in the short term could be stopped by this level and prices could decrease sharply in the coming sessions. Technical indicators also show an overbought situation that reinforces this bearish scenario. Thus, there is a higher downside potential than upside.
Due to the technical configuration and a bad fundamental situation that does not justify the current valuation of the group, investors can open a short position. The price target is set at USD 62.5 and a stop loss will be placed above USD 71.35.
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