OFIX Should I Buy

OFIX is not a good buy right now for an impatient investor. The setup is still technically weak (price below pivot with bearish MACD), options positioning is heavily put-skewed (bearish/defensive), and there are no near-term news catalysts to quickly re-rate the stock. A better buy would be after a clear reclaim of ~13.64 (pivot) and follow-through toward 14.30, but without waiting for confirmation, the odds favor churn-to-down from here.

Pre-market price is 13.13, sitting below the pivot level (13.641) and just above first support (S1=12.988), meaning the stock is currently in a fragile area where a small sell push can break support. MACD histogram at -0.147 remains below zero (bearish trend), though it is negatively contracting, which suggests downside momentum is easing but not reversed. RSI_6 at ~20.6 signals oversold/washed-out conditions, which can spark short bounces, but oversold alone is not a reliable buy trigger without trend confirmation. Moving averages are converging, consistent with consolidation rather than a fresh uptrend. Key levels: downside risk increases if 12.99 breaks (next support ~12.59); upside improves only on a sustained move above 13.64, with resistance around 14.30 then 14.70. Pattern-based probability also leans slightly negative over 1-week/1-month horizons.