My Trading Plan for OPY is Bullish because it has broken the Descending Wedge and has even Backtested it. I expect OPY to move higher.
TP1 ~ $4.00 (Potential Gain 43%)
TP2 ~ $4.80 (Potential Gain 72%)
Stoploss - $1.900
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ENTRY: 3.31
TP1: 4.00
TP2: 4.88
SL: 2.70
- ADX>25.
- RSI>65.
- RS and FFI +ve
- Daily and weekly MACD +ve
- Broke out of HVN yesterday with good volume
- Entered with lower position as MAs are not full aligned as 100MA still below 200MA, despite 10MA about to cut above 200MA.
Starting to also gain momentum, after a number of really good reports, this particular stock has shown a healthy consolidation phase and is almost ready to rally. target is 10$ mid term but could extend up to 15$ depending on how the overall market performs. holding all significant support, looking to break resistance soon.
OpenPay major support and resistance in H1
Share prices need to remain within the H1 price channel to continue the longterm uptrend. Major support at around 3.47 and resistance at 3.80
not sure if it would able to sustain its bullish trend, I think I should wait for $3.00 range.
P.S: Please note these my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
Openpay approaches its previous lows at 3.08
Openpay share prices are now down to a critical level at 3.248, a major support level and 3.08, which is its previous lows. Share prices could make a turn to the upside if it holds above the two crucial points mentioned above
Openpay drops close to 4% in today's opening trades
Share prices currently hold just above the critical support level at 3.70. The next support is at around 3.50 and 3.20, as highlighted on the chart. The critical resistance level is at 4.10
Openpay (OPY) surged again in today's opening session but started to retreat after the first 30 minutes of trades.
The current critical support level is approximately at 4.00 and 3.58
Openpay Group Ltd. is a payments technology company that offers a buy now, pay later product. It provides a payments platform that facilitates seamless, secure and swift payments between customers and merchants. The company’s platform allows customers to make in-store and online purchases, and split the payment for these purchases into multiple repayments over time. Openpay Group was founded by Richard Broome and Yaniv Meydan in 2013 and is headquartered in Melbourne, Australia.
ASX
