1. recovered 64% from 2021 crash in 2022
2. Impulsive move rejected at 0.618 Fibonacci
3. Top of the Fibonacci is aligned with rising trend line
4. Rising trend line reject and broken
5. Two bearish Fibonacci broken
Target should could be 0.618 around 27.50
P.S not financial advice. trade save and at your own risk.
Open Text Corporation has been in an uptrend.
The price is close to the upsloping support therefore it may be a good entry for a long position
Target: 47,50$
The price closed below the channel but it came back inside the channel again so the uptrend continuation is likely.
However another close below the channel could be a sign of the trend reversal and it...
OTEX Has A Falling Wedge-Bars!
I am not a rapper but I am a technical analyst who spotted a falling wedge on OTEX. LOL! Don't you worry I will stick to technical analysis and listen to bars as I chart. You can uncover your ears now.
*Patterns Identified- Double Bottom and Falling Wedge pattern.
Short Float 1.14% as of 31 May 2022.
I will enter a long...
$OTEX is a pretty boring but stable company trading near its bottom trend. With a forward PE of 10 and being near its high dividend yield of 2.4% I believe this is a good value play here.
Earnings were yesterday. Appears they beat EPS and revenue.
As a rule, OTEX is a slower mover and not a rocket stock. Slow steady long term uptrend on maximum monthly timeframe.
Possible stop under C or last pivot low or where you see support.
William's alligator is tangled but does appear to be waking up. When this indicator wakes up after hibernation, the...
OTEX stock has fallen from an all time high from 50$ down to 46.50 area. This is a really good discount and analyst estimate a future price of $55-58. For this trade, you can buy a cheap May option for around 3.40$ per contact and has a high chance of bringing more than 50% return in the short.
Technical info:
Stock made a new all time high on 2/8
Stock has...
Hey guys, OPEN TEXT CO is in a bullish movement with a return of buy volume issued and a form of marubozu followed by buyers. In the TIMEFRAME M1 we see a marubozu with a large purchase volume made it came to test the top of a comfort zone. It is very plausible to breakout the price with a return of momentum at the same time the zone to interfere in the next one....
Hey traders, OPEN TEXT is in a fake bearish push with a pickup in traded buying volume and sellers' wickedness. Looking at the TIMEFRAME M1 we see a marubozu with a high volume of purchases executed. Great potential to test again the consolidation zone for finally the breakout to interfere in the one above. And arrival on the last highest with the height of a...
Earnings 8-6 AMC
Long term uptrend before crash
Lacked volatility as a rule
Not a recommendation
Open Text Corporation provides a suite of software products and services. The company offers content services; business network, a cloud-based platform that facilitates collaboration and exchange of information inside and outside of organizations; artificial...
Open Text (OTEX, $42.72) was one of top quarterly gainers, jumping +40.07% to $42.72 per share. My A.I.dvisor analyzed 154 stocks in the Packaged Software Industry over the last three months, and discovered that 150 of them (97.67%) charted an Uptrend while 4 of them (2.33%) trended down. My A.I.dvisor found 95 similar cases when OTEX's price jumped over 15%...
A stock with good fundamentals has broke historical level and is doing and ideal pullback.
Company Fundamentals
**********************************
EPS % Chg (Last Qtr) 23%
3 Year EPS Growth Rate 19%
EPS Est % Chg (Current Yr) 15%
Annual ROE 27.31%
Sales % Chg (Last Qtr) 29%
3-Year Sales Growth Rate 16%
Market Cap $7.40 Bil
Profit Margin 29.2%
Sector...
