You will see at least a 10% move lower so prepare your buys. This moved from 13.83 to high 17s in a very short time.Thats what we call a lot of hot air speculation in the name. 50% retrace is normal for opk so 15.50s with maybe a spike to low 15s possible
the rsi is high but until you see it roll under 70 the selling pressure will then really pick up.The slow stos are now rolling over from nose bleed ranges.Macd has a lot of room to come down.Also nose bleed ranges
That way there will be another group of sellers ready to dump into it
This has a lot of hot air in it still.50% retrace is needed to cool the indicators off
Cramer last time said its a nose bleeder but he wont tell you to sell until it dives a few points
15.83 area falls its hello 50dma at 14.66. I think 15.50 is possible .50% pull back from recent gains would be normal
Good questions, anyone have a clue? 17.30 breaks the chance to test 16.60 then 15.83 come into play
//You have yourself a 7 day rally! That was huge, what happens when things go straight up?
Ok lets see what the slow stos do! Chart is so over heated it hurts looking at it
8 billion market cap.Its called priced in!
Thats called bio bubble.Word is Cramer is going to tell his flock to take profit tonight in opk
Stocks way over bought and with the volume increasing as it drops would have me really concered if i was a long trader in the name.Sure if your a long term investor who cares about short term moves
Careful here as the volume seems to be picking up as it moves down.The stock is EXREMELY OVER BOUGHT AND IN NOSE BLEED TERRITORY . Dont hold while the nose bleeds out imo
You'll need to confirm the bearish reversal move tomm before you can un-load the stuff and feel good about it
Opk has had a barn burner for 7 days/ what goes straight up in bio land tends to give back 50% of the move in a hurry
Means nothing till it means something.Stocks can stay over bought for a long time.OPK is very over bought but will it roll over .......if the lod gets broken today i think its safe to say its pull back time...look at the slow sto last time it traded at these levels for this long it correctly predicted a roll over and about a 2.50 pull back.