Ouster directionally and fundamentally bullish
Fundamentals:
Ouster has its propiertery innovative and cost-effective digital lidar technology, which sets it apart from competitors relying on more expensive, legacy systems. The company’s diversified approach across industries—such as automotive, robotics, smart cities, and industrial automation—minimizes sector-specific risks and opens multiple revenue streams.
Its merger with Velodyne has further strengthened its market position, combining resources and enhancing product offerings, while strategic partnerships and operational optimizations support its path toward profitability. These factors collectively indicate a strong growth trajectory and investor confidence in its long-term potential.
Amazon is actually a big shareholder for Ouster, as their call options with Velodyne got transfer to Ouster, contingent on () orders from Amazon, thus the announcement of the planning of ordering detail would potentially encourage the price further. As Amazon must spend up to $300 million on Ouster's product.
Technical:
Ouster appears to have completed the 12345 Elliott wave pattern followed by an ABC corrective wave, it was later supported by the intermediate trend line. The RSI has crossed above the 14-day moving average, indicating a bullish trend. A hypothetical second wave was created to project potential price movement, which may need adjustments as the price evolves. Entered 30 call options at $5 on October 1st when Ouster was trading at $6. First price target:$11, second $17. third: $21.
Ouster has its propiertery innovative and cost-effective digital lidar technology, which sets it apart from competitors relying on more expensive, legacy systems. The company’s diversified approach across industries—such as automotive, robotics, smart cities, and industrial automation—minimizes sector-specific risks and opens multiple revenue streams.
Its merger with Velodyne has further strengthened its market position, combining resources and enhancing product offerings, while strategic partnerships and operational optimizations support its path toward profitability. These factors collectively indicate a strong growth trajectory and investor confidence in its long-term potential.
Amazon is actually a big shareholder for Ouster, as their call options with Velodyne got transfer to Ouster, contingent on () orders from Amazon, thus the announcement of the planning of ordering detail would potentially encourage the price further. As Amazon must spend up to $300 million on Ouster's product.
Technical:
Ouster appears to have completed the 12345 Elliott wave pattern followed by an ABC corrective wave, it was later supported by the intermediate trend line. The RSI has crossed above the 14-day moving average, indicating a bullish trend. A hypothetical second wave was created to project potential price movement, which may need adjustments as the price evolves. Entered 30 call options at $5 on October 1st when Ouster was trading at $6. First price target:$11, second $17. third: $21.
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