Following up from Last Tuesday Trading Buy call on 27th August. OKH has traded in the range of 0.54 to 0.59 for about a week. Critical resistance stands at 0.600 currently where there are a lot of seller stacked at the moment 5740 lots to be exact. High today is also at 0.600. A break above 0.600 can open the way to a new upwards consolidation phase which this counter has been breaking above each time. Aggressive traders can consider averaging up on the break out with target set at 0.64 to 0.65 on the near term. Note that buyers will be fast to grab the 0.605 and 0.61 level on a successful break out so possible to put CFD Buy stop orders to catch the opportunity.
Stop loss at 0.58 for long positions on break out.
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