glennmercer
Long

Buy OPK: Bullish Bat Complete at Psychological Support

NYSE:OPK   OPKO HEALTH INC
OPK             has completed a bullish bat pattern at an excellent support level. Price is showing clear signs of respecting the tight and confluent PRZ and may begin to reverse toward the upside in the next couple of days. The company has strong fundamentals with Phillip Frost's outstanding track record in biopharmaceutical innovation as its backbone.

PRZ Confluence:
1. Bullish Bat Completion
2. 3.14BC Projection
3. 1.886AB=CD
4. 10 dollar psychological support level

T1 is set at .382XA and the unhit monthly pivot for September, 2015.
T2 is set at .618XA, confluent with a missed pivot cluster.
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