Short Term Trading Week Starting: 07 June, page-60

STTCOMP OKJ TA LONG

OKJ is still in a nice uptrend. It traded for 3 months sideways between 7.5/8.5 cts. For 2 days we had a breakout into double digits.

Scenario 1


We trade sideways again in the 7.5 / 8.5 cts channel until we reached uptrending line.


Scenario 2

We close the gap around 6.5 cts and then bounce off the trend line.


In both cases I see a retest of 10 cts afterwards. There were a few nibbles lately and i feel someone is playing with the share price.

Apparently OKJ is an interesting shell.