NASDAQ:OIIM - Nasdaq - US67107W1009 - ADR - Currency: USD
We assign a technical rating of 9 out of 10 to OIIM. Both in the recent history as in the last year, OIIM has proven to be a steady performer, scoring decent points in every aspect analyzed.
OIIM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.61, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OIIM in the last couple of days, which is a good sign.
2.91
When analyzing the support we can see 5 important areas.
When analyzing the resistance we notice one important area.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
4.92 | 4.48 | 0.44 (8.94%) | 11.18% |
An entry @4.92. This is a Buy Stop order right above the resistance zone. | An exit @4.48. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.44 points, which is 8.94%. | When investing 11.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
4.9
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