I am looking for potential trades to enter MA wise. But in this case the MA's aren't perfect, but in my option the bullflag looks really nice. @experts: Is this a good trade to enter or should TA + MA be perfect to join?
If this gap above 51.18 you could see a repeat from the last trip down.. It's almost identical. You could swing this to the 100 MA.. It needs to gap up and above 51.18 to trigger a strong move. One to watch at the open. Place it on your watch list.
OKE price is falling out of the uptrend it has been in since March. Added to that a bearish divergence indicates a down trend could be beginning. I will wait or price to drop below blue resistance with heavy volume before entering trade.
OKE broke the bearish trend line and started a long consolidation where the price tested the relevant supply level.
The Block Order could push down the price for a few months reaching a high demand level, marking a higher low before to rise more, completing the rotation to bullish.
Has OKE hit bottom? Will it finally break out of the $19-$26 range it has been trading in since December? Stock RSI says back down. OKE heavily trades with oil. I think a mini correction is coming in the oil markets, and I think that OKE will revert back to its range. Of course set your stop loss tight, b/c if this goes the other way it could be one heck of a rally.