Potential outside week and bullish potential for OPT

25 Jan

Entry conditions:
(i) higher share price for OPT above the level of the potential outside week noted on 17th January (i.e.: above the level of $0.85).

Stop loss for the trade would be:
(i) below the low of the outside week on 13th/16th January (i.e.: below $0.725), should the trade activate.

25 Jan

Dagangan aktif

UPDATE (week ending 24-Jan): Trade activated on 20th January with the share price closing above both 10 and 30 day MA's at the end of the trading week. Depending on personal trading preference, this trade can be followed by a variety of styles - Darvas box technique, swing trading, tracking moving averages, and/or support/resistance.

2 Feb

Nota

UPDATE (week ending 31-Jan): Explosive move in share price noted on the daily chart. Depending on risk tolerance, charts suggest a protective stop beneath the prior support/resistance area formed from the open of $0.935 from the open of 17th October 2024 or $0.995 from the open of 9th February 2023. It would also be worthwhile to keep in mind a couple of other support/resistance areas that are evident: $1.085 from the open of 6th December 2021 and $1.175 from the open of 3rd October 2022. Trade now upgraded to a 'further bullish potential' trade.

8 Feb

Nota

UPDATE (week ending 07-Feb): Further highs reached during the trading week. Depending on risk tolerance, the charts suggest raising protective stop at least to beneath the prior support/resistance area formed from the open of $1.01 from the open of 8th February 2023, or just beneath the swing low formed this week (i.e.: just below $1.03 from the swing low formed on 4th February 2025).

15 Feb

Nota

UPDATE (week ending 14-Feb): Apologies - noticed an error in note of last week ($1.01 should have been $0.995 being the open of 8th February 2023 - the $1.01 referred to the high of that particular day). Price action this week tested this area without closing beneath either of these levels. Depending on risk tolerance, protective stop can be maintained at $0.995 from the potential support/resistance area from 8th February 2023 (which hasn't been tested from the upside) or $0.935 from the open of 17th October 2024 (which also hasn't been tested from the upside).

semalam

Nota

UPDATE (week ending 21-Feb): Share price closed between 10 and 30 day MA's indicating caution, whilst the share price bounced clean off the 30 day MA and potential support level of $0.935 noted in last week's update. Charts suggest maintaining the same stance as last week's update until the share price resolves itself.