Posted On: 03/23/2014 4:17:28 PM
Post# of 2561
OPK Daily Chart ~ The Sells in the High $9.90 Are Still Looking Good
From my last post on OPK, when the stock was at 9.19, I had not re-entered OPK. The funds from my exits in OPK at 9.98 went into LJPC. In hindsight only, that was a great move. Gotta get lucky sometimes. There was a nice bounce off the MA20 just over a week ago which gave another move from the low 9.00s to the 10.15, hit last Monday. That, if you were in the stock, should have been an exit point for you as the candles of Monday and Tuesday were both outside the upper bollie. The stock now has a double top in the 10.15/10.25 area. In the meantime, the FullSto and MACDs are curling towards a sell signal. And since I know very little about the company, I'll use the chart and indicators here to keep me on the sidelines although OPK is on my watchlist. GTLA
From my last post on OPK, when the stock was at 9.19, I had not re-entered OPK. The funds from my exits in OPK at 9.98 went into LJPC. In hindsight only, that was a great move. Gotta get lucky sometimes. There was a nice bounce off the MA20 just over a week ago which gave another move from the low 9.00s to the 10.15, hit last Monday. That, if you were in the stock, should have been an exit point for you as the candles of Monday and Tuesday were both outside the upper bollie. The stock now has a double top in the 10.15/10.25 area. In the meantime, the FullSto and MACDs are curling towards a sell signal. And since I know very little about the company, I'll use the chart and indicators here to keep me on the sidelines although OPK is on my watchlist. GTLA
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