ASX:OFX – A Rare Gem with Perfect Piotroski Score and Breakout PFundamentals :
OFX Group, listed on the ASX under the ticker OFX, presents a compelling investment opportunity this week. The company boasts a perfect Piotroski F-Score of 9, an exceptionally rare achievement that underscores its financial strength and operational efficiency. Currently trading at its fair value, OFX has turned profitable over the last 12 months and is poised for continued profitability this year. ASX:OFX ASX:OFX
Technicals :
From a technical standpoint, OFX has achieved a significant 52-week breakout, further enhancing its investment appeal. The stock has formed a rounding bottom pattern, a classic technical signal indicating the potential for a strong upward movement. Analysts project a potential upside of 30%, making this a promising candidate for growth.
A potential Setup:
• Entry: Current Market Price
• Stop Loss: $2.00
• Potential Upside: $2.90F
OFX trade ideas
ASX:OFX - broke through support, but bottom might be close.Broke through a major support level, but the MACD divergence suggests this might be bottoming out.
Will look for the lower supports level to hold up and then breaking through upper levels and the 50 day EMA would be a good indicator. Would like to see the volume pick-up as well before entering this trade.
