Idea for OFG Price has been stuck within a horizontal channel for a long time I believe price has finished this stage and is ready to break this horizontal channel This is supported by an upward trend line in green Bars pattern demonstrates breakout
OFG: OFG Bancorp 2021-07-28 16:42:00 OFG Bancorp Announces New Share Repurchase Program of $50 Million
30 minutes to the close but NYSE:OFG seems weak and setting up for the symmetrical triangle breakdown.
Order set to go long in OFG if the name breakouts out of the tight pivot formed.
Looking good here , stock also has insider buying.
This symbol was found during a scan based on fundamentals. Future will tell if it is a good choice.
Broke out of falling wedge on good volume. be careful as the upward trendline is too accelerated
* Trade Criteria * Date First Found- May 16, 2017 (Intraday) Pattern/Why- Triple bottom support breakdown short. Entry Target Criteria- Break of $10.43 (Hit May 16, 2017) Exit Target Criteria- $9.53 Stop Loss Criteria- $10.87 Please check back for Trade updates. (Note: Trade update is little delayed here.)