$OPCHSpotted a potential "ABC" zigzag on the weekly. Also see one on the daily. At this level, another zigzag could be forming or we could headed towards a corrective state of price. Looking for a retracement of up to or past $22.22-$23.71.
OPCH trade ideas
🩺 Bullish Outlook on Option Care Health (OPCH) 📈🔍 Analysis:
Strategic Partnership: NASDAQ:OPCH has entered a multi-year commercial partnership with Palantir to enhance patient outcomes and operational efficiency through data integration.
Cost Reduction: The collaboration aims to reduce costs and improve margins by streamlining operations.
Institutional Interest: Increased interest from institutional firms and hedge funds, including Vontobel Holding Ltd. and Vanguard Group Inc., indicates confidence in OPCH's future prospects.
💼 Trade Plan:
Entry: Consider entry above the $28.00-$29.00 range, signaling bullish sentiment and potential for growth.
Upside Target: Aim for profits in the range of $43.00-$44.00, reflecting optimism about leveraging the Palantir partnership for value creation.
Risk Management: Utilize stop-loss levels to manage downside risk and protect profits in case of adverse market movements.
📊 Note: Stay updated on developments related to the Palantir partnership and monitor industry trends impacting OPCH's performance for informed trading decisions. #OPCH #Bullish 📈🏥
OPCH 20-06-2023 BMO - LONG IDEAHello Everybody,
I would like to buy this stock, OPCH, in NASDAQ, in the Medical care facilities sector.
I would like to see the brerak of 31.09$ and buy it.
TP & SL are on the chart.
The stock did some nice correction and it looks ready for more upside in the short term.
There is a gap in the 1h Chart, that we may fill before the break, I don't chase the stock, I will trade woth plan.
DYOR!
Thestockspicker94
Have a great trading week
Initiating partial position on pullback OPCHStarting a partial position on pullback (Half Positioning, 500USDs risk). 180@30.19
Stock had a V shaped recovery from January. Its been consolidating since then giving some healthy shakeouts on low volume and thrusts of positive volume.
When a V shaped recovery occurs, the stock normally has to "pay back" that lack of symmetry on the means of time and shakeouts. It the market can recover from this pull back this could be a great stock.
Stop:27.35
Risk: 9.4%
Pivot: 30.00
Risk from Pivot: 8.8%
$OPCHEntry price : 16.67
Fundamentals :
- Sector: Medical - Services
- EPS % Chg (Last Qtr): 104%
- EPS % Chg (Previous Qtr): 57%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 27%
- Sales % Chg (Previous Qtr): 49%
- 3-Year Sales Growth Rate: 52%
- Annual Pre -Tax Margin:-3.4%
