rnaofs

Channel Support!

NASDAQ:OPTT   None
Hello Community!

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We can take a look at OPTT on the Daily TF, which is currently sitting at the bottom of an ascending parallel channel. It has been on a health run for a while now. If we can hold this support we can most likely see a strong push to test the top of the channel, indicated with a percentage calculator and a white horizontal line. With that being said a ascending channel does have a bearish overall result in the end, so trade wisely. If the channel breaks we can see price touch one of the following supports shown in white. Their technology is very smart and in the long run I see this company being very successful.

This is not Financial advice.

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