OPKO Health has been retreating since rallying sharply to the $6.40 resistance pivot. OPK Daily Chart(click to enlarge)Pullback:- Looking at the daily chart, we can see that price has been bearish entering March 2018. - But since then, we have seen a possible price bottom, and price rally back above the 200-day simple moving average (SMA).- The current dip from $6.40 is testing the established price bottom's neckline. - If the market is indeed bullish, we should find support in the $5.00-$5.15 area. - The last line of defense for the bullish scenario would be the $4.50 area, a support/resistance pivot, as well as where the 200-day SMA resides. - Meanwhile, we should monitor the RSI, as a bullish market would keep the RSI above 40, forgiving a brief violation.- If this market indeed maintains its bullish outlook, the next target would be the $7-$7.30 area.