OKA Analysis

Dec 9, 2020

Disclaimer: 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
  
  

Dec 13, 2020

Trade closed: stop reached

Cut loss reached.
Lesson learned: Strongest support is 0.665