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12 years 9 months ago #6553 by Food4Thought
OPHR was created by Food4Thought
Worth a look. right at the 61.6% fib and with positive MACD divergence

uk.advfn.com/p.php?pid=chartscreenshotsh...W0vT+a5GGer0y18CwKu+

F4T
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12 years 9 months ago #6615 by Food4Thought
Replied by Food4Thought on topic OPHR
Technicals point to a good bounce from current area of 365. Imperfect falling wedge is reaching apex and 61.8% fib held the other day. IMO it is currently re-testing.

Horizontal resistance at 378 and 382

A safer entry would be to buy on a break of the upper trendline of the wedge at around 381/382 which coincides with horizontal resistance.

We shall see.
F4T
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12 years 9 months ago #6617 by Jackozy
Replied by Jackozy on topic OPHR
Lol! Sorry, F4T, didn't see your previous posts on this one - at least we seem to be thinging along the same lines!

:-)
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12 years 9 months ago #6917 by Food4Thought
Replied by Food4Thought on topic OPHR
This one still interests me even though we now have a lower low.

uk.advfn.com/p.php?pid=chartscreenshotsh...318TB9FCBDpSg%2Fk%3D

There is further positive MACD divergence and we are approaching crunch time on the falling wedge. I am now looking for a further touch on the support line (148/149) or a break of the resistance line (365/366). I favour 148/149 in what could be a bearish week on the broad markets.

I believe that there is operational news due, so it could go either way but the technical bias will be an eventual break higher.

F4T
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12 years 9 months ago #6918 by Shotry
Replied by Shotry on topic OPHR
When you say 148/149 did you mean 348/349? Bit confused F4T?

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12 years 9 months ago #6921 by Food4Thought
Replied by Food4Thought on topic OPHR
Oops, yes of course 348/349, around the recent low. GKP in back of mind. Cheers.

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