#RUOCThe success of #Ocean_Power in registering an innovative patent has provided a good opportunity for these stocks to exit the downward channel and grow, although from a technical perspective, some corrections seem necessary.
RUOC trade ideas
OPTT to $1 this year?Price recently closed above the local high with a bullish hammer bring us above the daily trend line, after bouncing off .29 in early '24 & April '25. If it can hold above ~.46-.47 range then I think we are going to be $1+ by EOY.
I'm gonna grab some Calls for .50c at various expirations since they are super cheap. Company's tech is pretty solid, wouldn't be surprised if there were NATO contracts being discussed currently or within the next year and we see a massive pop.
OPTT Breakout Opportunity!
- **Entry Point:** $0.8796
- **Stop Loss (SL):** $0.7663
- **Take Profit Targets:**
- **Target 1 (T1):** $1.02
- **Target 2 (T2):** $1.19
The chart highlights a wedge breakout pattern with bullish momentum on the 30-minute timeframe. The price has broken out of the resistance zone (yellow line) with significant volume, indicating a potential continuation towards the take-profit targets.
### **Trading Plan:**
1. **Entry:** Place a buy order at $0.8796 after confirmation of breakout.
2. **Stop Loss:** Below recent support at $0.7663 to minimize risk.
3. **Targets:**
- First target: $1.02.
- Second target: $1.19 for extended gains.
Risk-to-reward is favorable; adjust your position size accordingly.
$OPTT 33-41 CENTS REVERSALIf the bounce gets confirmed, I would aim to collect profits around .67 to play it safe.
Thank you for watching, please keep in mind this is my personal opinion on the crypto and you should not trade/buy/short based on this information.
Please do your own analysis and give me a big smile :)
- DREAM1ZR :)
OPTT I think is about readySmall moves in the correct direction IMO.
I think that we have been seeing some major accumulation and is about ready to make a decent retrace into this last move or a short term reversal??
NOT FINANCIAL ADVICE!!
I am buying
bank on opttsolid trade setup in a week of hell its held its ground this is a stock that can get moving in a world full of natural bull crap i even think their shooting something under water to freeze the ice burghs
OPTT bounceJust a small play as it is still in a longterm downtrend.
Found nice support and looks like it wants to bounce
Target $2.50
PT $6.14Some nice potential here. Long 900 shares, likely buying dips. If it rallies strong next stop $4.22 then onto ~6 bucks & $7.38 if momentum stays in its favor . IMO..
OPTT BUY/LONG NOW READY! 2.30 to 2.40 by ARD DEC21TICKER CODE: OPTT
Company Name: OCEAN POWER TECHNOLOGIES, INC
Industry: US Stocks Producer Manufacturing Electrical Products
Position Proposed: BUY/LONG
Entry: 2.30-2.40
1st Partial Take Profit: 3.55-3.60
2nd Partial Take Profit: 4.10-4.15
3rd Partial Take Profit: 5.10-5.15 (~Dec 2021)
Stop Loss: 1.75-1.80
Technical Analysis
1. Descending wedge/Pennant (completed and broke out)
2. MEGAPHONE forming at a bigger time frame
3. 1st Partial Take Profit will be at next major structure level & Fibonacci retracement at 0.786
4. 2nd Partial Take Profit will be at the next major structure level & Fibonacci retracement at 0.618
5. 3rd Partial Take Profit will be at 100% of flag pole length
OPTT Added to Russell Microcap® IndexCould this summer be a turning point for OPTT?
Ocean Power Technologies Added to Russell Microcap® Index - www.globenewswire.com
