Second Day of Strong Selling in OKJ, but Signs of Optimism !!!
Today is the second day of strong selling in OKJ, but there are several promising signs:
- The Point of Control (POC) remains at the same level as yesterday and shows a positive delta (more buying than selling).
- Despite the red candle, the lower spreads contain a mix of positive and negative deltas, indicating buyers come in.
- The price should have stayed around 10.7, but at 16:30, a big, and aggressive seller entered, dragging the price down to 10.0. but many buyers were waiting to absorb the selling pressure along the way.
I remain optimistic about OKJ. !!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.