Potential outside week and bullish potential for OPTEntry conditions:
(i) higher share price for ASX:OPT above the level of the potential outside week noted on 17th January (i.e.: above the level of $0.85).
Stop loss for the trade would be:
(i) below the low of the outside week on 13th/16th January (i.e.: below $0.725), should the trade activate.
OPT trade ideas
need your ideas to level up my skill please. Hi, I found this stock interesting while it was on the peak high I heard about it but now I checked the stocks and I found this one interesting for at least a year time hold on to it. I need your idea if you know technical analysis good love to know your thoughts. thanks.
$OPT:ASX - OPTHEA - Broken through resistanceLooks to have finally broken through a previous strong area of resistance with the announcement of moving their trial results forward. I like the biopharmaceutical space and anything to do with eye disease and diabetes would seem to be a good medium to long term opportunity. Might be worth a watch.
Opthea Limited (ASX:OPT), is a clinical stage biopharmaceutical company developing novel biologic therapies to treat eye diseases and is pleased to announce that the timing of the primary analysis from its ongoing Phase 2b trial of OPT-302 for wet age-related macular degeneration (AMD) will occur sooner than expected and be brought forward by one quarter, with the primary data now expected to be reported in the 3rd quarter of calendar year 2019.