Bullish Formation (Opportunity) - Weekly Position - OTLK
Hello Successful Traders,
The stock (OTLK) manifests the opportunity of a bullish upside, considering the previous con-test (and infiltration) for an all time low. A correction is a viable observation, considering the current reverse stop split (limiting the amount of stocks prevalent) there may increased demand (resulting in price spike). Await for confirmation prior to entering market. (1.65 - 2.00)
Resistance Level 2 - (30.00 - 30.60) 60 cent interval
Resistance Level 1 - (18.10 - 18.65) 55 cent interval
Key Price Zone (KPZ) - (10.50 - 11.05) 55 cent interval
Support Level 1 - (1.00 - 1.60) 60 cent interval
Furthermore, there appears to be an "underwritten public offering of 10,340,000 shares of its common stock" (Yahoo Finance).
Not Investment Advice. For Educational and Analytical Purposes Only. (Be COnscientious and Stick To Your Trading Itinerary)***
-LionGate
The stock (OTLK) manifests the opportunity of a bullish upside, considering the previous con-test (and infiltration) for an all time low. A correction is a viable observation, considering the current reverse stop split (limiting the amount of stocks prevalent) there may increased demand (resulting in price spike). Await for confirmation prior to entering market. (1.65 - 2.00)
Resistance Level 2 - (30.00 - 30.60) 60 cent interval
Resistance Level 1 - (18.10 - 18.65) 55 cent interval
Key Price Zone (KPZ) - (10.50 - 11.05) 55 cent interval
Support Level 1 - (1.00 - 1.60) 60 cent interval
Furthermore, there appears to be an "underwritten public offering of 10,340,000 shares of its common stock" (Yahoo Finance).
Not Investment Advice. For Educational and Analytical Purposes Only. (Be COnscientious and Stick To Your Trading Itinerary)***
-LionGate