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Octopus Digital Ltd.

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OCTOPUS trade ideas

Octopus* ✅ **Trend:** Broke out of long-term downtrend, now moving in an **ascending channel**. * ✅ **Wave Count:** Elliott Wave structure targeting **Wave 5** uptrend. * ✅ **Supports:** 57–58 (immediate), 52–53 (critical). * ✅ **Resistances / Targets:** 64–65 (first target), 73–75 (major Wave 5 target). * ✅ **Volume:** Strong breakout volume confirms buying strength. * ✅ **Trading Plan:** * Entry: 57–58 (current) or 52–54 (on dip). * Stop-loss: Below 50. * Targets: 64 → 73–75. * Risk-Reward: \~2:1 to 2.5:1. 📈 **Bias:** Bullish as long as price holds above 52–53.
PSX:OCTOPUSLong
by B9A-88652-NisarAhmad
OCTOPUS - PSX - Technical AnalysisOn daily TF, OCTOPUS is in a sideways channel since Nov 2024. Although it has broken out of downwards parallel channel but has actually not gotten into bull run. Therefore, one can initiate trade in sideways channel as well as once it breaks out of the sideways channel. KVO is in sideways and just below zero level, but Klinger line is above the trigger line. Which may move up. Similarly, RSI is also around 50, therefore, there is enough space to move up. Trade Values Buy-1: 68.10 TP-1: 77.34 Buy-2: 80.52 TP-2: 100 SL: 62.07
PSX:OCTOPUS
by Golden_Spur
1
Octopus is attractive to Buy at these levels Offering 117% GainsThe stock after breaking out its accumulation zone enters the bullish territory and printed a Cup and Handle formation on weekly chart. The stock has successfully broke out the Cup and Handle but went into consolidation after posting bearish divergence. Currently, retraced till 71.8% as per FIB levels and being accumulated for another bullish ride where it can double the investment within next 6 months. One can start accumulate atleast 25% allocation at these levels with SL at 55. Confirmation to the Target price will be given once weekly closing above 100 is given by the stock where it will validate the journey towards final target price of 165 which is the projection of Cup and Handle formation.
PSX:OCTOPUSLong
by Trader-Roze
OCTOPUS | Bearish Divergence**OCTOPUS** - Sell Recommendation Technical Analysis: The current price action is displaying a bearish divergence pattern, suggesting an imminent sell-off or profit-taking phase. The Relative Strength Index (RSI) has reached overbought territory and is currently signaling a potential downside movement. Additionally, the Moving Average Convergence Divergence (MACD) has indicated a crossover, further indicating exhaustion among buyers and the potential for bearish momentum to emerge.
PSX:OCTOPUSShort
by mbaberhanif
OCTOPUS ANALYSIS 1.0 🚀 Trade Alert: OCTOPUS Bullish Flag Pattern 🚀 We have identified a bullish setup in OCTOPUS, highlighted by the following pattern: Bullish Flag Pattern 🚩 Technical Indicators: Previous High: Broken, confirming bullish momentum Bearish Divergence: Previously present but neutralized after a significant drop Current Divergence: Formed after the flag formation, indicating the continuation of the bullish trend Entry Point: Buy: At 88.55 Target Prices (TP): TP 1: 96.00 📈 TP 2: 104.00 🥇 Stop Loss (SL): SL: 81.00 to manage risk Trade Summary: Buy: At 88.55 TP 1: 96.00 TP 2: 104.00 SL: 81.00 Trade Type: Long Swing 🎢 Good Luck! 🍀 Stay informed and trade smart! 📊
PSX:OCTOPUSLong
by Earn_withHassaan
4