Optibiotix Health Plc stock (LSE:OPTI) has collapsed again and it is going further and further downwards. Price has tested another great demand level and it may even reach another all-time lows.
In the last several months, the stock has swung high and low. Currently,
it is collapsing, after trending higher in early October 2020. It has now gone
below the EMA 21, trending further downwards.
The Williams’ % Range period 20 is already in the oversold situation. The
means, while the market may make rally attempts in future, the bearish pressure
will remain for some time. Price will continue going downwards, towards the
demand levels at 35.00, 30.00 and 25.00.
Those is the next targets for OPTI, for the next several months.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Teach Yourself Technical Analysis: Teach Yourself
Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha
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