You would expect it to sell down at least a little further in the short term considering it broke support yesterday. The sign for a turnaround will be the selling exhausting and volume dropping right down. I don't think we aren't quite there yet, and I suspect PW isn't fully out yet - would be good to get a T20 report from management to confirm this. OOKs blockchain siblings - RFN, FGF and FFG have all had similar sp drops of late. The sector is taking a breather imo after the big gains in December, and OOK has also had the 14.5mil PW shares to churn, and the performance shares being quoted, which has caused an additional headwind. All of this is short term though imo and I have conviction that it will turn around once it has churned enough.
OOK Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held