Opthea

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Buyers continue to be keener than sellers for Opthea & are driving the price up.

[BULLISH]: Optheabuyers are keener than sellers and are driving the price up. There has been 3 consecutive days of price rise for OPT adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 7.3 & the greatest daily positive change this year has been 7.3. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 176.7%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 18.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 3.200000%

Stoploss for Opthea should be set at $4.53

Opthea: The current Fibonacci Extension levels are: (23.61%) $3.52: (38.2%) $3.38: (50%) $3.28: (61.8%) $3.17The current support levels are: (78.6%) $3.01: (100%) $2.81: (138.2%) $2.45: (161.8%) $2.24: (261.8%) $1.31: (423.61%) $-0.2

Selling pressure for OPT.AX continues - bearish signal

[BEARISH]: Opthea current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.02. Opthea (ASX:OPT) received a confirmed CMF crossover days on the Jan 23 2020. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.24 occurring on the Jan 23 2020.

Opthea: Overbought signal still active

[BULLISH]: Opthea (ASX:OPT) current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 84.36. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 53.52.

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