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.
Long over break of $30. Box Breakout straight into a bull flag. -Ryan
It looks overbought to me and the window may be closed in a correction now.
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. Thank you Girolamo Aloe
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.
OIL AND GAS PRICE HAS NEGATIVE CORELATION WHEN PRICE OF OIL GO DOWN GAS WILL BOUNCE UP FOR SHORT PERIOD OF TIME ..EVEN THIS STOCK WHICH HAS SOME PROBLEMS WITH LIQUIDITY MARKET GIVE GOOD INDICATIONS FOR LONG POSITIONS,PRICE BOUNCE FROM 38.00 AND THIS MOVE HAS SOME VOLUME, COMBINING THIS WITH THE NEWS FROM IRAN PRICE WILL MOVE UP ..I THINK THIS IS POSSIBLE SCENARIO...
Price retraced to 50 level + inside bar formation with confirmation. Target is at near by resistance, exit is below support area at the 50 level