Just in: A prominent stock has collapsed!

PUBLISHED: Nov 02 2020 @ 02:25 | Comments (0) | More info about Azeez Mustapha

Optibiotix Health Plc stock (LSE:OPTI) has collapsed again and it is going further and further downwards. Price has tested another great demand level and it may even reach another all-time lows.

In the last several months, the stock has swung high and low. Currently, it is collapsing, after trending higher in early October 2020. It has now gone below the EMA 21, trending further downwards.

The Williams’ % Range period 20 is already in the oversold situation. The means, while the market may make rally attempts in future, the bearish pressure will remain for some time. Price will continue going downwards, towards the demand levels at 35.00, 30.00 and 25.00.

Those is the next targets for OPTI, for the next several months.

Teach Yourself Technical Analysis: Teach Yourself

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @ItuGlobal

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.