Ocean Power Technologies Inc (OPTT)

[$oldier Hard]

It traded heavy most of the day around $1.50/$1.52. One could say accumulated but the reason for that was the weekly MA 20 is at $1.52. They never could seem to clear $1.52 and when they did once it got smacked back down. Additionally eod a decent size bid at $1.50 disappeared so it could close at $1.49. I made a point to watch the close.

Support should now be around the $1.34ish range (daily ema 8)imo. If this range doesn't hold $1.26ish is next imo.

We could call it manipulation but imo they were just reloading.

Another thing about this one is, it's listed as oil/gas/natural energy production but this is far from true. Oil took a major dump today.