Long
OPCOM DOUBLE BOTTOM REVERSAL?
OPCOM gave me a good return (>30%) last year around 30 Sep 2021 with POWERPLAY setup. Can refer back my previous sharing in the link below.
Then price experience a major correction (~50%) in 3 months. Double bottom pattern was setup during this period.
After the shake out region, price and volume interaction indicate strong demand started to occur. And price successfully go back up MA50.
Price breakout on 28 Jan and formed a Pivot point recently. This is LOW CHEAT AREA. Let's see what happen next.
Risk: QR soon on 18 Feb.
Disclaimer:
Not a buy call recommendation. Just my technical analysis based on chart pattern and trend. Trade at your own risk.
Then price experience a major correction (~50%) in 3 months. Double bottom pattern was setup during this period.
After the shake out region, price and volume interaction indicate strong demand started to occur. And price successfully go back up MA50.
Price breakout on 28 Jan and formed a Pivot point recently. This is LOW CHEAT AREA. Let's see what happen next.
Risk: QR soon on 18 Feb.
Disclaimer:
Not a buy call recommendation. Just my technical analysis based on chart pattern and trend. Trade at your own risk.
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