$OPK Prime for a squeeze or Rejection

1 ก.พ. 2021

Looking at the daily chart, OPK looks prime for squeeze to 7.21$ and then 8.92$.

The good:

- ascending triangle
- Bullish MACD
- Positive momentum
- COVID-19 test positive upside (recent agreement with daily test for NBA players)

The Bad:

- RSI rising
- BIG resistance at 6.10-6.30
- triple top if does not break through downside could be big


Lastly, we cannot forget to mentioning the shorts. Due to the recent development with GME, shorts could be a HUGE catalyst for this stock. I did not include it however, as I do not have any details on the shorts position and/or any idea if the new stream of retail investors could have a miningful impact of the stock, as they seems to be focusing more on GME, AMC, BBY, NOK, etc...

5 ก.พ. 2021

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Waiting for it to resuming higher in few weeks...

If it goes down to 4.80 might add more to my position.