OPRT โ 30-Min Long Trade Setup!๐
๐น Asset: Oportun Financial Corporation (OPRT)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Trendline & Support Bounce Long Trade
๐ Trade Plan (Long Position)
โ
Entry Zone: Above $7.80 (Bounce Confirmation)
โ
Stop-Loss (SL): Below $7.34 (Break of Support & Trendline)
๐ฏ Take Profit Targets
๐ TP1: $8.51 (First Resistance Level)
๐ TP2: $9.23 (Extended Bullish Target)
๐ Risk-Reward Ratio Calculation
๐ Risk (SL Distance): $7.34 - $7.80 = $0.46 risk per share
๐ Reward to TP1: $8.51 - $7.80 = $0.71 (1.54 R/R)
๐ Reward to TP2: $9.23 - $7.80 = $1.43 (3.1 R/R)
๐ Technical Analysis & Strategy
๐ Trendline Support: The price is testing a rising trendline (pink line), aligning with horizontal support (~$7.80).
๐ Breakout Confirmation: A strong bullish candle above $7.97 with volume would indicate momentum.
๐ Pattern Formation: A pullback retest setup following a recent downtrend, showing signs of reversal.
๐ Key Support & Resistance Levels
๐ข $7.34 โ Strong Support / Stop-Loss Level
๐ก $7.80 โ Entry / Trendline Support
๐ด $8.51 โ First Resistance / TP1
๐ข $9.23 โ Final Target / TP2
๐ Momentum Shift Expected
๐ If price stays above $7.80, we could see a rally toward $8.51 and $9.23.
๐ A high-volume push above $7.97 would confirm bullish sentiment.
๐ฅ Trade Execution & Risk Management
๐ Volume Confirmation: Ensure strong buying volume at $7.80+ before entering.
๐ Trailing Stop Strategy: Move SL to entry ($7.80) after TP1 ($8.51) is hit.
๐ฐ Partial Profit Booking Strategy: โ Take 50% profits at $8.51, let the rest run to $9.23.
โ Adjust Stop-Loss to Break-even ($7.80) after TP1 is reached.
โ ๏ธ Fake Breakout Risk
โ If price breaks below $7.34, it could indicate a bearish continuationโexit early.
โ Wait for a strong candle close above $7.97 for confirmation before entering aggressively.
๐ Final Thoughts
โ Bullish Setup โ Holding above $7.80 could lead to higher targets.
โ Momentum Shift Possible โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:1.54 to TP1, 1:3.1 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
๐ #StockTrading #OPRT #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumStocks #SwingTrading #TradingView #LongTrade #TradeSmart #RiskManagement #StockBreakout #Investing #StockAlerts #ChartAnalysis ๐๐
OPRT trade ideas
OPRT/USD โ 30-Min Long Trade Setup!๐ ๐
๐น Asset: OPRT/USD
๐น Timeframe: 30-Min Chart
๐น Setup Type: Bullish Pennant Breakout
๐ Trade Plan (Long Position):
โ
Entry Zone: Above 8.70 USD (Breakout Confirmation)
โ
Stop-Loss (SL): Below 8.01 USD (Breakout Invalidated)
๐ฏ Take Profit Targets:
๐ TP1: 9.56 USD (First Resistance Level)
๐ TP2: 10.64 USD (Extended Bullish Target)
๐ Risk-Reward Ratio Calculation:
๐ Risk (SL Distance): Below 8.01 USD
๐ Reward to TP1: 9.56 USD
๐ Reward to TP2: 10.64 USD
๐ Technical Analysis & Strategy:
๐ Breakout Confirmation: A strong push above 8.70 USD signals bullish momentum.
๐ Pattern Formation: Bullish Pennant Breakout, indicating a potential continuation move.
๐ Key Support & Resistance Levels:
๐ข 8.01 USD โ Strong Support / Stop-Loss Level
๐ก 8.70 USD โ Breakout Zone / Entry Level
๐ด 9.56 USD โ First Profit Target / Resistance
๐ข 10.64 USD โ Final Target for Momentum Extension
๐ Momentum Shift Expected:
๐ If price stays above 8.70 USD, it could rally towards 9.56 USD and 10.64 USD.
๐ A high-volume breakout would strengthen the trend continuation.
๐ฅ Trade Execution & Risk Management:
๐ Volume Confirmation: Ensure strong buying volume above 8.70 USD before entering.
๐ Trailing Stop Strategy: Move SL to entry (8.70 USD) after TP1 (9.56 USD) is hit.
๐ฐ Partial Profit Booking Strategy:
โ Take 50% profits at 9.56 USD, let the rest run to 10.64 USD.
โ Adjust Stop-Loss to Break-even (8.70 USD) after TP1 is reached.
โ ๏ธ Fake Breakout Risk:
If price falls below 8.70 USD, wait for a retest before considering re-entry.
๐ Final Thoughts:
โ Bullish Setup โ Holding above 8.70 USD could lead to higher targets.
โ Momentum Shift Possible โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:1.13 to TP1, 1:2.46 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
๐ #StockTrading #OPRTUSD #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
OPRT (NASDAQ) - 30-Min Chart Trade Setup Breakdown! ๐
๐ Stock: OPRT (NASDAQ)
โณ Timeframe: 30-Min Chart
๐ Setup Type: Bullish Breakout
๐ Trade Plan:
โ
Entry Zone: Above $5.36 - $5.40 (Breakout Confirmation)
๐ Take Profit 1 (TP1): $5.69 (First Resistance)
๐ Take Profit 2 (TP2): $6.08 (Extended Bullish Target)
๐ป Stop-Loss (SL): Below $5.03 (Key Support)
๐ Risk-Reward Ratio: Favorable for a bullish continuation ๐
๐น Technical Analysis & Setup:
โ
Pattern: Bullish Breakout ๐
โ
Breakout Confirmation Needed: Price holding above $5.36 with volume support
โ
Resistance Zones:
$5.69: First Major Resistance
$6.08: Extended Target for strong momentum
โ
Momentum Shift Expected: A breakout could trigger a strong uptrend ๐
๐ฅ Trade Strategy & Refinements:
๐ Volume Confirmation: Look for increasing buying volume above $5.36 ๐
๐ Trailing Stop Strategy: Once price reaches TP1 ($5.69), adjust SL higher to secure profits ๐
๐ฐ Partial Profit Booking: Take partial profits at $5.69 and let the rest ride toward $6.08+ ๐ต
โ ๏ธ Fake Breakout Risk: If price drops back below $5.36, reconsider entry โ
๐ Final Thoughts:
โ
Bullish Breakout Confirmed โ High probability of continuation higher ๐
โ
Momentum Shift Possible โ A move above $5.69 could accelerate the upside ๐
โ
Strong Risk-Reward Setup โ SL at $5.03, TP at $5.69 - $6.08 for optimal gains
๐ Trade Smart & Stick to the Plan! ๐๐ฅ
๐ #LongTrade #StockTrading #OPRT #TechnicalAnalysis #DayTrading #MomentumTrading #BreakoutSetup #RiskReward #TradingPlan #ProfittoPath ๐๐
Oportun Financial: Bullish Reversal with Promising MomentumOportun Financial Corporation (NASDAQ: OPRT) seems to be showing signs of a potential reversal. The stock has recently experienced a sharp increase in price with a 25.27% gain, which is evident on the chart.
The momentum is further supported by the RSI showing an upward trajectory. The stock appears to have bounced back from its support level around $3.57. The multiple โBuyโ signals in combination with the moving average lines starting to converge suggests bullish momentum. The long position can be initiated around the current price of $6.84, with a target range of $10.62 to $11.73, which aligns with historical resistance levels.
A stop-loss order could be placed below the recent low at $3.57 to protect against any unexpected downturn. This trade provides a good risk-reward ratio and can be considered for medium-term investment. Note that it is essential to monitor the stock closely and make adjustments based on any change in market sentiments or company-specific news.