📊 Company Overview: Opera NASDAQ:OPRA : Known for its web browsers, Opera is expanding into the AI space with its Aria browser AI service, attracting over 1 million users. Financial Performance: Opera's revenue surged by 17% YoY in Q4, surpassing guidance and consensus estimates, indicating strong growth potential. User Acquisition: Opera's focus on user...
OPRA on the 30-minute chart dropped after an earnings beat as apparently a lot of traders expected better. The volume profile shows the vast majority of the trading occurred in the 12.75 to 13.05 range. This heavy accumulation should result in price movement in due time per Wycoff. I believe that a long trade is setup for a Fibonacci retracement of the drop...
OPRA has had a consistent upwards trajectory as shown on the 4H chart. 189% price increase in approximately 125 trading days is about 1.5% daily return, This could be a good set-it-and-forget-it play on the very positive earnings report. OPRA beat earnings guidance by 34% despite advertising pullbacks in a moderate recession. The revenue held steady giving...