OptiBiotix Health shares (LSE:OPTI) constitute a choppy, but
attractive market. Based on the price action in the daily chart, there are wild
upswings and downswings in the market, which reveal something interesting.
A closer look at the market shows that, price, which is now within
the upper and lower Trendlines, has exuded willingness to trend further
upwards. Several hanging men has shown in the past few weeks and the current candle
is also a hanging man. A buying pressure could arise in the market, which would
push the price above the upper Trendline.
The RSI period 14, which is at the level 50, might soon go above
that level and signal a bullish signal. As Optibiotix H. is caught in a choppy,
wild phase now, there is a possibility that the stock would trend higher and
higher, forming a directional movement, and becoming attractive.
This forecast is ended by the quote below:
“You know that old adage of never buying a car that was
built on a Saturday afternoon, well the same thing used to apply to brokers
giving advice on a Friday afternoon.” – Chris Tate
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders
Don’t Want You To Know: Super Traders
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
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