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AS OF

May 6 closing price

Price

$2.50

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-$0.03 (-1.19%)

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Tickeron detected bullish Stock Pattern: Cup-and-Handle on May 03, 2024

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05/05/24

Cup-and-Handle

OP - OceanPal

Emerged: 05/03/24

Breakout: $2.6

Price: $2.51

Target price: $2.85

A.I.dvisor detected a bullish Cup-and-Handle pattern for OP stock. This pattern was detected on May 03, 2024 . The odds of reaching the target price are 6. The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”-like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. Consider buying a security or call option at the upward breakout price/entry point. The confirmation move is when the security moves past the breakout price above the right cup lip.

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