NASDAQ:OPRA is starting to look interesting again. After a MASSIVE 600% run followed by a deep 60% pullback some of the signals are showing some life might be coming back in the stock.
We are past earnings so hopefully no more surprises to come.
The RSI is heading back up
We got a deep cross of the MACD over the signal line, well below the zero line
Might need to wait for confirmation but could be one to watch. Definitely not trading advice, more just a previous runner that might be changing direction.
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Sell off continues. Next lot of earnings not too far away.
I originally got in at $4.42, sold at $24 on the day of the shelf filing, and just recently got back in at $12.50 after earnings, the market sold off but I personally really liked the fundamentals from the earnings, most notably the Opera GX userbase growth. Glad I got back in and can see this going to $40 in some years. Still a very cheap stock at 1.3b valuation in such an explosive industry as internet software meanwhile it shows strong growth and less than 15x 2024 earnings, which is very cheap vs some comparables in the space. NOT TO MENTION the $.80 dividend and lack of debt
zAngus
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@wolfman69, nice timing on that first entry! I noticed that Mr Beast (100M+ YouTube followers) had it is a sponsor in one of his videos so Im hoping they continue to engage the influencer crowd to get it out there more too.