OPKO HEALTH Strategy DailyHey traders, OPKO HEALTH is in a fake configuration with a return of traded buy volume and an upside down hammer candle. Looking at the TIMEFRAME M1 we can see a hammer candle with a low purchase volume that goes to the base of the bollinger. Then access its highest point and go and test the VWAP to arrive at the top of the comfort zone in order to test it. There is a great chance of breaking out the price then subsequently the area to fit on the new one and put on the top that follows.
With a return of momentum it may be that we want to try to find the next higher. But not enough buying force to arrive at the failure point below the middle of the middle median of the ANDREWS PITCHFORK range.
Please LIKE & FOLLOW, thank you!
OPK trade ideas
OPK Breakout Stock Alert UpdateBREAKOUT STOCK ALERT UPDATE
$OPK - Opko Health, Inc. - Common Stock
Initial Alert Price: $4.21
Price High: $5.01
% Gains/Losses: 19%
(-35% Less Than Expected)
Potential Stop Loss: $4.76
OPK hit $5.01 on Dec. 2nd and we have left the alert open as we continue to monitor the stock. The stock is showing consolidating from the $5.01 breakout and found support at the $4.43 Price Levels and just completed an EMA Crossover from that point. We're currently seeing momentum for the price to retest $5.01 and if it does, then we expect the stock to retest the $6.24-$6.47 Price Levels once again, since it's highest breakout this year on July 21st. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
Follow for more trade alerts and information & egister your account for Instant Alerts by clicking the link in our signature.
$OPK #CupandHandle SetupOPK is back at it forming another breakout setup. I posted about OPK (and traded it - search my feed for old posts) when it broke its down sloping trendline back on Nov. 30th. With that breakout, the stock rallied and completed a cup pattern and started pulling back now forming the handle. The white candle close this last Friday is looking like the completion of the handle and the start of a new leg higher.
$OPK can rise in the next daysContextual immersion trading strategy idea.
OPKO Health, Inc., a healthcare company, engages in the diagnostics and pharmaceuticals businesses in the United States, Ireland, Chile, Spain, Israel, Mexico, and internationally.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,87;
stop-loss — $4,17.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
OPKO - Performance During Covid-19 Global PandemicThe vaccine is not a quick fix to the Covid-19 Pandemic. It will require significant TESTING and THERAPIES coupled with a vaccine roll out due to the many OBSTACLES on the path to herd immunity (70% Population).
OPKO has the largest contracts with government, NBA, NFL etc... To support our economy at the very minimum it will require people having access to immediate testing that OPKO's BioReference labs can provide.
OPK Brekout Stock AlertBREAKOUT STOCK ALERT
$OPK - Opko Health, Inc. - Common Stock
Initial Price: $4.21
Potential Price: $6.47
Potential Gains: 54%
Stop Loss Limit: $4
OPK is working to break the current levels of resistance at the $4.68 levels and we expected this to retest the Next Fib Retracement Price Range above $5.21. If momentum is moving at that point, we expect it to retest the $6.47 and either consolidate or move beyond that price point. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
Follow for more trade alerts and information Register your account for Instant Alerts by clicking the link in our signature.
OPK looking to bounce from support and forming triangleOPK seems to be doing good, and analysts are saying that it is a buy (according to MarketWatch)
You can kinda see that it is following an upward trend line. There is also strong support at $3.45
The price is also forming a big triangle.
RSI is low and there is plenty of volume.
I'm going to get in at $3.48 with my stop loss at $3.24 (6.9%). I'm hoping for it to go up to around $4 (14.9%).
OPK- consolidating or Bull run over? OPKO came out of its slump in late September. It had been oversold prior and needed over month to build up momentum again. It went over two week rally of roughly 4-5% gain everyday.
The rally stopped the down trend line from mid summer.
Interesting to note the Oct 12 was the day of the 10 DMA crossed the 50 DMA. The PA immediately want lower to test the 50 where it found support. The next day gapped down but quickly came back above the 50 and crossed the 10MA again. RSI was very overbought and needed a reset
What's going on now ? What the picture going forward?
There is a consolidation box between 3.90 and 4.25. The stock spent a week and a half in this zone on the earlier rally in June. It is currently in the box now.
The 10 MA is above acting as resistance but is rising. The 20 MA is about to cross the 50MA likely in the next two trading days
There are two RSI trendline, both rising
The long term support just held and bounced. There is a steep trendline below, this was the resistance line that was breached at the start of the recent rally.
Sideways price action will meet the downtrend line. With bullish MA crossovers, RSI reset and riding support I'm guessing we have another solid leg up.
I have some naked Dec 18 calls which i bought in late September. I also have a Nov 20 $5/$6 call vertical i bought on the pullback this week.