US Stock In Play: $OPY (Oppenheimer Holdings Inc)$OPY closed the Tuesday session at $41.71 (+1.19%) with a Bearish Spinning Top signal. The overall cumulative gain for $OPY since its breakout of a Bullish Flag pattern on 25th February stance at +13.88% in 9 days of trading session.
With $OPY currently trading at its highest implied volatility ($1.40/day) in 11 months, a near term correction within its volatility range above $38 price support region will maintain its potential trajectory towards recapturing its all time high at $56.94 (est 2007). The first immediate resistance for $OPY is at $48.
$OPY through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia.
OPY
OPY - Trade PlanMy Trading Plan for OPY is Bullish because it has broken the Descending Wedge and has even Backtested it. I expect OPY to move higher.
TP1 ~ $4.00 (Potential Gain 43%)
TP2 ~ $4.80 (Potential Gain 72%)
Stoploss - $1.900
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
OPY.ASX_LongENTRY: 3.31
TP1: 4.00
TP2: 4.88
SL: 2.70
- ADX>25.
- RSI>65.
- RS and FFI +ve
- Daily and weekly MACD +ve
- Broke out of HVN yesterday with good volume
- Entered with lower position as MAs are not full aligned as 100MA still below 200MA, despite 10MA about to cut above 200MA.
OpenPay (OPY) FY2021 TargetStarting to also gain momentum, after a number of really good reports, this particular stock has shown a healthy consolidation phase and is almost ready to rally. target is 10$ mid term but could extend up to 15$ depending on how the overall market performs. holding all significant support, looking to break resistance soon.
Zip Co (Z1P) FY 2021 Bull TargetsAs you can see, Zip Co have recently started gaining momentum upwards, after trading and consolidating at SPP range for a few weeks. this has been significant as it started show signs of strength that is maintained, and can continue to the rest of the year. Fundamentals are looking strong, and Technical analysis are certainly backing it up. at this current rate, I wouldn't be surprised if we reach the fib target at 20-25$ BY THE END OF THE YEAR. it held the golden .618 fib support and continued a strong rally towards ATH. I took a position at 5$ and very confident with the trade for the next 3-5 years. short term target however is 25$. long term target is 50$. if there are heavy shares buy back, expect a higher long term target.
I will wait for $3.00 rangenot sure if it would able to sustain its bullish trend, I think I should wait for $3.00 range.
P.S: Please note these my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.