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OPTU forms 200 Day Moving Average Resistance on June 29
On Monday, June 29th, OPTU moved down 8.43% while volume increased to 1.7× the usual levels. Multiple bearish signals emerged — 200 DMA Resistance, Bearish Engulfing & Parabolic Rise — suggesting potential weakness ahead. Key support levels exist at 1.42, 1.31 & 1.13, with resistance at 1.7, 1.88 & 1.99.
Current SwingTradeBot Technical Rating of OPTU: B
There’s more where that came from. See all of today’s signals for OPTU here.
Read full article here »