OPK trade ideas
Ready to go?Tremendous upside on coiled reverse H&S. That corner is incredibly tight. Huge BO w bigger Short Squeeze
One right moveAt the handle of a double bottom within the right shoulder of a 1yr old massive inverted H&S w/ significant short squeeze potential.
Reverse H&S - Right Shoulder FormationLast year OPK entered a bear trend falling from $19 to $7. The price gap down price during a strong trend down in Aug. 2015 marked the formation of our left shoulder. With each peak we clearly see a surge in volume which is critical for each troughs to form (Vol. also declines during the peak). A positive sloped neckline resistance is also a solid indicator predicting a bull trend after breaking. Following a breakthrough there might be a test of the support to confirm and continue the new bull trend.
