Morning Everyone! This stock has been discussed a fair bit in this sub over the past few weeks. I added it to my watchlist and have watched it steadily climb since August. I just wanted to point out that $OSTX has had a lot of positive momentum, and it shouldn’t go unnoticed. From the chart, the current price of $4.17 is close to the stock's all-time high (around $4.60). Being near the all-time high suggests the stock has approached a significant resistance level, where the price previously failed to move higher so keep that in mind.

What it means when there's no resistance beyond the all-time high

• No Historical Resistance: Once the stock breaks through its all-time high, there is no prior price data acting as resistance, meaning there's no established ceiling for future price movement.
• Potential for Strong Uptrend: In such scenarios, stocks often experience rapid upward movement because of the lack of overhead resistance. This is called price discovery, where the market finds new equilibrium levels.
• Psychological Momentum: Breaking the all-time high can trigger bullish sentiment, as many traders and algorithms often enter long positions on such breakouts, driving further price increases.

The stock could see accelerated growth if it clears the $4.60 level with strong volume since no further resistance exists to cap its rise. Communicated Disclaimer - as you already know, this is not financial advice. Please further your DD and pull up the chart and dive into the company some more. 1, 2, 3