At point 1 this stock rose in value by about 40% when the pattern was over, now we are seeing the pattern completing itself and abou to see a 20% pump which we must not miss. I will keep this chart updated. Thank you for the support.
Looking at the daily chart, $OPK looks prime for squeeze to 7.21$ and then 8.92$. The good: - ascending triangle - Bullish MACD - Positive momentum - COVID-19 test positive upside (recent agreement with daily test for NBA players) The Bad: - RSI rising - BIG resistance at 6.10-6.30 - triple top if does not break through downside could be big Lastly, we...
OPK looks like it's doing a bit of a rebound after exiting an ascending triangle. Also approaching earnings on 3Mar, so enjoy the ride for at least a 20% gain over the next month.
With over 26% short interest and 11.99 short ratio. This seems to be a text book short squeeze (unlike the lunacy with GME, AMC, etc.) Price is about to cross the 52-week high at $6 and could probably go up to $7.5-$8.
Bullish Pennant Pros: Descending volume during formation PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 7 200MA ascending 250RSI above 50 If confirmed: PT = 7.48$
Lets do it!!!!! honestly do you need another reason to buy then i told you it was wise? Let's Go!
Please feel free to leave some ideas on this stock whether it will continue to bullish or bearish thanks :)
Just my opinion on what OPK could possibly do over the next few weeks. I'm looking for entry around $4.10-$4 would be bottom of trendline with additional support from 100dma. if it breaks resistance, I'm looking for $5.50ish. Just my opinion DYODD
My first attempt at publishing an idea. It is elementary analysis, however, I think it is helpful to take a look at the bigger picture with OPKO rather than getting bogged down in the day-to-day movements. All feedback welcome!
Hey traders, OPKO HEALTH is in a fake configuration with a return of traded buy volume and an upside down hammer candle. Looking at the TIMEFRAME M1 we can see a hammer candle with a low purchase volume that goes to the base of the bollinger. Then access its highest point and go and test the VWAP to arrive at the top of the comfort zone in order to test it. There...
Bullish triangle opportunity. strong support near 4$ Not recommending buy or sell. Just an Idea,
If Trades Above 4 More Upside Possible.my sl would be 3.90-4
BREAKOUT STOCK ALERT UPDATE $OPK - Opko Health, Inc. - Common Stock Initial Alert Price: $4.21 Price High: $5.01 % Gains/Losses: 19% (-35% Less Than Expected) Potential Stop Loss: $4.76 OPK hit $5.01 on Dec. 2nd and we have left the alert open as we continue to monitor the stock. The stock is showing consolidating from the $5.01 breakout and found support at the...
OPK is back at it forming another breakout setup. I posted about OPK (and traded it - search my feed for old posts) when it broke its down sloping trendline back on Nov. 30th. With that breakout, the stock rallied and completed a cup pattern and started pulling back now forming the handle. The white candle close this last Friday is looking like the completion of...