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Is OPTU showing downside potential? 200 Day Moving Average Resistance shows up after tumbling 9.64%
OPTU closed down 9.64% on Monday, June 29th, with volume running 1.3× above average. Multiple bearish signals emerged — 200 DMA Resistance, Bearish Engulfing & Parabolic Rise — suggesting potential weakness ahead. Key support levels exist at 1.4, 1.31 & 1.12, with resistance at 1.69, 1.88 & 1.97.
Current SwingTradeBot Technical Rating of OPTU: D
There’s more where that came from. See all of today’s signals for OPTU here.
Read full article here »