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OPTU forms 200 Day Moving Average Resistance on June 26
OPTU closed up 3.75% on Friday, June 26th, with volume running 1.2× above average. Multiple bearish signals emerged — 200 DMA Resistance, Upper Bollinger Band Walk & Parabolic Rise — suggesting potential weakness ahead. Key support levels exist at 1.53, 1.4 & 1.31, with resistance at 1.75, 1.84 & 1.97. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of OPTU: C
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