Oke
ONEOK $OKE "Huge Volume"Even though it dropped by %3.51 on last Friday, there was huge volume in green and found a support at 50SMA which is a good sign to bounce back. RSI went below 50 though but it may uniform and back above.
12 months Consensus Price Target: $48.8
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Convergence to Supply - #ProfitingMeOKE 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? 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.