OPK getting close to a strong support point.OPK has an old and well defined support point nearing, which could react as a long-term positive sign for the security. While FIB retracement also shows growth.
Opko
OPKO Head and ShouldersIt's looking like we have an Inverted HS pattern that would potentially continue into yet another Inverted HS. Indicator movements to consider would include a bullish MACD cross, RSI confirming strength and high volume following through at the moment. This is a long term play that might have some good scalps to consider, potential plays on lower time frames. This is not financial advice.
Finally some bullish momentum for $OPK ?Keeping an eye on $OPK.
The shares price just crossed previous 2.90$ which was both resistance and 52 weeks high.
If the price remain above previous resistance and become the new support, we could see the price spike up!
Long term still not sure, but there is bullish momentum on this stock IMO
$OPK Potential Long Breakout SetupOPKO Health is a medical testing company based on diagnostics and pharmaceuticals. They also have a COVOID-19 testing kit.
During week of June 6th, Insider buying occurred with CEO, Chairman and 10% Owner Phillip Frost buying 200,000 shares at the average price of $2.35.
With COVOID-19 infections slowly ticking up in the US, we might see more demand in the company's testing kits.
$OPK recently retook the 100 day MA on the weekly chart which hasn't been crossed since 2017 which could mark a strong trend coming soon.
$OPK is also looking at a breakout past the hourly resistance at $2.91 and also a potential gap fill at $3.00 to a target of $3.30
Also high short interest at 29%
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
