Reverse H&S - Right Shoulder Formation

29 ביוני 2016

Last 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.