Longer Term Trading Plans for OFLX
- Buy OFLX near 27.81 target 32.72 stop loss @ 27.73
- Short OFLX slightly under 32.72, target 27.81, stop loss @ 32.81
May 24, 2025, 07:50 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy OFLX near 27.81 with an upside target of 32.72. This data also tells us to set a stop loss @ 27.73 to protect against excessive loss in case the stock begins to move against the trade. 27.81 is the first level of support below 32.02 , and by rule, any test of support is a buy signal. In this case, support 27.81 would be being tested, so a buy signal would exist.
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