Buy OPK: Bullish Bat Complete at Psychological SupportOPK has completed a bullish bat pattern at an excellent support level. Price is showing clear signs of respecting the tight and confluent PRZ and may begin to reverse toward the upside in the next couple of days. The company has strong fundamentals with Phillip Frost's outstanding track record in biopharmaceutical innovation as its backbone.
PRZ Confluence:
1. Bullish Bat Completion
2. 3.14BC Projection
3. 1.886AB=CD
4. 10 dollar psychological support level
T1 is set at .382XA and the unhit monthly pivot for September, 2015.
T2 is set at .618XA, confluent with a missed pivot cluster.
Missedpivot
AUDCAD T2 Achieved: Now Short at Bearish Deep CrabAUDCAD has achieved T2 of the bullish crab idea that I recently published (see below) and has now completed a bearish deep crab pattern. The PA has respected the 1.618 projection of xa and it is time to look for a short entry.
Confluence in the PRZ:
1. Bearish Deep Crab Completion
2. Weekly Pivot
3. September, 2015 Pivot
4. .618CD (Bullish Crab Target)
5. 1.5ab=cd; upper limit
6. 1.41ab=cd; lower limit
Target set at confluence between .618cd and the new weekly pivot.
Bullish Crab Idea:
