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KaroleinD
Jun 4, 2018 7:47 AM

ODP on watch for this week  Long

The ODP CorporationNASDAQ

Description

ODP had a volume surge on Friday with the last candle being a bullish kicker as well as MACD signal shown.

ADX being strong at over 40 with DMI+ over 24 and DMI- over 10 showing an uptrend. It did close over the 50 moving average of 2.23

Fibonacci points are currently

Entry/Support - 2.32/2.36/2.39
Pivot - 2.44
Resistance - 2.48/2.51/2.56/2.63

For entry I would try to bid closer to the support of 2.32 to 2.4.
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