Uh oh commsec has it tonight as one if their 5 bearish shares. Got this his emailed to me tonight....
Oklo Resources Ltd forms bearish "Engulfing Line" chart pattern
Mar 28, 2017
Recognia has detected an "Engulfing Line (Bearish)" chart pattern formed on Oklo Resources Ltd (OKU:ASX). This bearish signal indicates that the stock price may fall from the close of 0.31.
Tells Me: The recent uptrend is due to reverse, now that selling pressure has overwhelmed prior buying pressure. Following a clear uptrend, we see two candlesticks where the black real body of the second completely envelops the white real body of the first, showing that the bears have taken over from the bulls.
This bearish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.
