$OPK Prime for a squeeze or Rejection
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 cannot forget to mentioning the shorts. Due to the recent development with $GME, shorts could be a HUGE catalyst for this stock. I did not include it however, as I do not have any details on the shorts position and/or any idea if the new stream of retail investors could have a miningful impact of the stock, as they seems to be focusing more on $GME, $AMC, $BBY, $NOK, etc...
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 cannot forget to mentioning the shorts. Due to the recent development with $GME, shorts could be a HUGE catalyst for this stock. I did not include it however, as I do not have any details on the shorts position and/or any idea if the new stream of retail investors could have a miningful impact of the stock, as they seems to be focusing more on $GME, $AMC, $BBY, $NOK, etc...
Zlecenie aktywne:
Waiting for it to resuming higher in few weeks...
If it goes down to 4.80 might add more to my position.
If it goes down to 4.80 might add more to my position.