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westcoasttrader
Aug 23, 2019 6:07 PM

OFLX CUP AND HANDLE FORMATION 

Omega Flex, Inc.NASDAQ

Description

OFLX IS FORMING A NICE CUP AND HANDLE ON THE WEEKLY CHARTS HERE. THE CUP WAS WELL SUPPORTED BY THE 200 EMA FOLLOWED BY GOOD SUPPORT OF THE HANDLE ON THE 100 EMA.

Comment

OFLX HAS BROKEN THROUGH THE RESISTANCE AREA AND THROUGH THE 3% ENTRY TARGET AT $97.62
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