Long
OPTT Great buying opportunity - Technical + Value
Dipped right to the bottom of the ascending triangle. Good price to buy in now, expecting it to run up strongly and breakout with upcoming catalyst of Biden's inauguration speech that might boost green initiatives.
Ocean Power Technologies is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity. Not a well contested space and they have contracts with the Navy. With Biden's trillion dollar climate change plan, the outlook for this company in the space of military contracts looks bright.
Ocean Power Technologies is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity. Not a well contested space and they have contracts with the Navy. With Biden's trillion dollar climate change plan, the outlook for this company in the space of military contracts looks bright.
Note
200%! Continue holding as it looks to do some slight consolidation before moving up again to fill the gap on daily chart and beyond.
Trade closed manually
Closed at $5.20 as it falls back to the channel
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.