From the side of tech analysis the OPK chart shows perfect picture.
There are 4 main factors-signals for future stock-price rising:
1. Breakout of strong inclined level of resistance
2. Formation of strong long trend with inclined and horizontal supporting price-levels (and formation of long-delta)
3. Consolidation in two patterns: flag and falling wedge.
As we see, there is a strong but volatile long-trend which was started in November-December Y2015.
There are two main price breakouts (green and bold) of inclined levels of resistance.
Before Brexit there was formation of long-deltas and strengthening of future long-trend.
But the results of Brexit referendum and high Beta of FLIR (0.79) made the stock to react...
As we can see, there is double bottom formed within the 76.00-80.00 chanel.
A lot of strong long inclined lines and horisontal lines of support.
Also, volumes show growth on upbars and common growth of volumes
buy after 81.73 breakout (buing price: 81.74-82.00)
Stop loss 78.50-78.56 (under retest 78.57 of double bottom tail 79.33)
As we can see on daily chart, there are several strong bullish signals: straight and inclined levels of support with delta, mirror line with its double re-test. There are spike and long consolidation after it with the second retest of “mirror” line which is strong bullish signal.
We see 2 local resistance levels, but the potential of long-signals is very high and...
As we can see on weekly chart, there are several strong bullish signal:
inclined levels of support with delta,
mirror line with its re-test,
decreasing volumes on last 5 bars (4 of them - down-bars) as a signal of consolidation and preparing to continue long-trend.
All these TA' factors and signals allow us to have long-vision on ORBC.
As we can see on weekly chart, there is a strong long trend, bullish price channel and some long-vision signals, such as:
mirror-line, which was retested a created up-bar
unconfirmed flag with great potential,
support inclined lines with growind delta
decreasing volume on 5 last bars (down-bars).
Our recomendation to buy it. Buying price 9.90-10.00, stop-loss...