Monday, October 21, 2013

********** Trading BUY: OKH Global. Share price 0.765. (Broke immediate 0.76 resistance on pennies strength)

Following up from BUY Trading call on 10 Oct 2013. OKH has just broken above the immediate 0.76 resistance as mentioned in earlier post. Has been consolidating below the 0.76 level for more than a month till today and attempted a breakout several times but failed.  More upside can be possible now on this breakout, pennies strength and more positive sentiment in the small caps market. As long as 0.75 holds as new support level, we are short term bullish with a target to 0.78 and 0.80. A break above 0.80 can pave the way to 0.84 and 0.90.
Stop loss at 0.735 now. Those with previous long positions can raise their stop loss level to protect your profits.

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