Opko Health INC: A sell opportunity.
Bullish Base Breakout. See chapter 7, "Trend Trading for a Living."
Monthly MACD hasn't even crossed over yet. Just curled up on RSI from bottom.
High probability bounce from this zone
Tremendous upside on coiled reverse H&S. That corner is incredibly tight. Huge BO w bigger Short Squeeze
At the handle of a double bottom within the right shoulder of a 1yr old massive inverted H&S w/ significant short squeeze potential.
Will it break out of down trend and complete right shoulder?
Last year OPK entered a bear trend falling from $19 to $7. The price gap down price during a strong trend down in Aug. 2015 marked the formation of our left shoulder. With each peak we clearly see a surge in volume which is critical for each troughs to form (Vol. also declines during the peak). A positive sloped neckline resistance is also a solid indicator...