Wednesday, September 11, 2013

********* Still in upward Consolidation phase (BUY): OKH Global. Share price 0.67.

Following up from previous BUY call made last Wednesday on 4th September 2013. OKH has indeed broken out above the Critical 0.600 fast and headed higher to a new consolidation phase. Support would likely be at 0.65 for now which was the previous resistance level. Possible to see it consolidate from 0.65 to 0.700 in the coming days given the huge run up we have seen last week. It could still be consolidating within range so as to attempt to test the resistance of 0.700. Can trade this range and average up on a breakout above 0.700. As long as 0.65 holds as new support level, we are still bullish on this counter and will continue to ride the uptrend till it proves otherwise. A break above 0.70 can pave the way to 0.74 fast like we saw when it broke 0.600. Move trailing stop loss upwards along the way for long positions.
Stop loss 0.635.

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