OPTX Stage 2 Uptrend Intact but Deep Base Signals Caution

Posted on by Eben@CANSLIM Research
OPTX daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

OPTX is holding above a rising 30-week moving average, confirming a Stage 2 advancing trend, yet the current base is a deep 58.4% correction with an elevated failure rate. The market is focused on the stock’s inability to reclaim its 50-day MA and its distance from 52-week highs, while volume has not dried up enough to confirm a VCP. Overall sentiment remains neutral, suggesting investors should wait for a clearer breakout or further price consolidation before acting.

As of 2026-08-14 · Close $8.81

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 9.63%)

⚠️ Faulty cup warning: the base is 58.4% deep (above the 38–40% threshold). A correction this deep leaves heavy overhead supply — trapped holders from higher prices are likely to sell into any rally, raising the failure rate of a breakout from this base.

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