OFAL breaking above 50 cents with high volume suggests potential upside if the level holds.
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OFAL. Uh, I don't know why it's not on the list. Uh, I'll look at it for you. OFAL. Let's see what you got here. OFA Group. Oh, it's moving here. For me, it's below. I don't look at anything that's not above 50 cents.
It just moved above it. I'm not that big of a DGEN. So, that one I am uh I am not that much of a DGEN, but yeah, China move here for sure. volume about 119K though right now.
It did have some news. Their subsidiary completed an acquisition of a coastal residential property in Japan supporting premium senior living and wellness plans. Um, listen, uh, I always I preach one thing.
Uh, news catalyst to me, it's not what matters to me, it's what the market thinks. So, how do you judge if a news catalyst is important or not? Does the market judge it to be important or not?
So, a lot of times these are self press releases. Uh, they never come to fruition. But the bottom line is if it brings people's eyes in, it brought in enough that there's 20 million shares traded normally, you know, six and a half million trades.
So 60 times the relative volume here against a 3 million float and that is the kind of move you can see. So this could try to challenge usually 50 cents is a big one. So holding that 50 cents round number move to the upside could have a nice little play there.
I do see OFAL is moving up a little bit here in the pre-market also. OF Oscar Foxchot Alpha Lima. See what that's doing. made a big move, pulled back. Okay. Tried to get back and hold above 50 cents for me again. That's sort of that big one there.
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