OKA Short Base VCPOKA breakout the large base VCP on 4 Oct with volume follow through. After the breakout, it spend around 1 month to form a short base VCP where indicate supply/demand once again stabilize.
Can the price surge again? Let's monitor.
Disclaimer:
Not a buy call recommendation. Just a my personal opinion in technical analysis through chart pattern and technical indicator. Trade at your own risk.
OKA trade ideas
OKA AnalysisDisclaimer: This is not a buy call but for learning purpose
Technical analysis
Large volume spike for few days
Testing next resistance and in accumulation/distribution phase.
RSI & ZL-MACD above centerline
Trading idea (Buy on support)
Entry price: 0.680
Cut loss: 0.670
TP1: 0.710
TP2: 0.730
Trading idea (Buy on breakout)
Entry price: 0.720
Cut loss: 0.710
TP1: 0.750
TP2: 0.770