Post by icemandios on Apr 3, 2024 17:27:13 GMT
OPK is in the gap, so far. The bottom of the gap is 1.22, which was potentially resistance. But that did not present a problem. So, 1.22 became support and was tested yesterday when the LOD was 1.23.
Now, we have the 200MA which comes in two flavors. There is the standard Simple MA (SMA) and the Exponential MA (EMA). They differ, and which one matters is determined by the stock's behavior at the respective levels.
The EMA is at 1.33 today, and OPK is at 1.38, but the SMA is at 1.44. OPK's HOD, so far, is 1.40. It looks like the SMA will be the resistance point today, at least.
If/when OPK moves above 1.44, then the top of the gap is 1.49, and that will be the next resistance level.
One cautionary note: Gaps almost always get filled, and we have one in the middle of the recent advance. On 3/28, the stock gapped up at the open at 1.13 from the close the prior day at 1.07. We might try clapping our hands and chanting "I believe in Tinkerbell OPK. 
