Hold itCreating symmetrical inverted H&S, which is a good thing. Needs to hold above low of left shoulder. Added at $8.91
OPK
UpdatedUpdated Opko Health Chart. Still in inverted H&S. Looking to break out of falling wedge on right shoulder.
Ripe for BOBullish divergences in the MACD & MFI from Jan. Extended to Inverted H&S, buy point $12.17.
ContinuousStrong extension of inverted Head & Shoulders. Breakout over $11.85 will clear the neckline and commence through.
Reversal ConfirmedDouble Bottom, Oversold Condition, MACD turning up, beat Rev by+9% and EPS by +33%
Inverted H&S BullishSee image for inverted H&S. Buy point was 10.3. Biotech is next in sector rotation
Strong ChartBullish Divergence on MFI & acc line led to 15m breakout of downtrend. Bullish MACD crossover
Above CloudFirst close above Kumo Cloud in months. Further strengthening belief in stock upward movement.
Buy OPK: Bullish Bat Complete at Psychological SupportOPK has completed a bullish bat pattern at an excellent support level. Price is showing clear signs of respecting the tight and confluent PRZ and may begin to reverse toward the upside in the next couple of days. The company has strong fundamentals with Phillip Frost's outstanding track record in biopharmaceutical innovation as its backbone.
PRZ Confluence:
1. Bullish Bat Completion
2. 3.14BC Projection
3. 1.886AB=CD
4. 10 dollar psychological support level
T1 is set at .382XA and the unhit monthly pivot for September, 2015.
T2 is set at .618XA, confluent with a missed pivot cluster.
