OPK - potential biotech gap playOPKO Health Inc is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs. Opko's diagnostics business includes a core genetic testing operation. It has a development and commercial supply pharmaceutical company, as well as a world supply-chain operation and holding company in Ireland. It also owns a specialty active pharmaceutical ingredients manufacturer in Israel. It operates in two segments Diagnostics and Pharmaceuticals.
This is not a financial advice!
Short Float 30.23%
Rel. Vol. on 03/25/24 at 2.09 - it's been slowling increasing recently
Lots of block buys and insider buys.
It's more of a slower play IMO.
We need to stay in a bullish overal sentiment of the market. If we see a corretion, this play might doesn't work.
We need to break and stay above 1.10 before executing a trade.
Multi - Resistance level arround 1.2-1.3! Needs to get broken for a further upmove.
SL under 0.9
TP approx. 1.5 (gap fill) or 2.15
Most info on the chart.
Trade carefully!
