Second Day of Strong Selling in OKJ, but Signs of Optimism !!!
Today is the second day of strong selling in OKJ, but there are several promising signs:
- The Point of Control (POC) remains at the same level as yesterday and shows a positive delta (more buying than selling).
- Despite the red candle, the lower spreads contain a mix of positive and negative deltas, indicating buyers come in.
- The price should have stayed around 10.7, but at 16:30, a big, and aggressive seller entered, dragging the price down to 10.0. but many buyers were waiting to absorb the selling pressure along the way.
I remain optimistic about OKJ. !!!
