Previously recommended as a long in Sept 2021 at ~5300c, recently traded as high as 8775c. Has since retreated to the early R60's 'Near oversold' on both daily & weekly time frames. Trading at lower boundary of 200-day linear regression channel (2.5x). In addition, has retreated to horizontal support. Looking for base to develop at or around current levels...
- Omnia has had a super move up from the swing lows of R14 - June ended off with the first monthly close below the previous low. - Momentum may be slowing and while it stays below R78, i will be cautious with any longs, it could likely pullback to the R60 zone -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
A price action close to the lower range of the linear regression channel pattern increases the likelihood of a mean reversion trade. A price action below 7800 supports a bearish trend direction. The move also originates from a previous extremely y strong bullish trend. RSI leaves enough room for further downside price potential. MACD bearish crossover (lower...
Omnia OMN. Medium term portfolio view, based on daily chart. Hitting 8000c in the last two days. Has advanced 47% over the 7 months . Original idea attached.
Possible Bullish Flag Breakout Possible target = R69.50
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
OMN long idea published on this platform (see attached) as well as in my 12-September report: "Technical Insights and Perspectives: 25 Key Charts". The group has issued cautionary that has pushed the share higher by around 7% as of 9:30am. As of this morning, the share is higher by 16.7% since the idea was published just over 2 weeks ago. May be a good level...
Omnia: A chart I've just posted to our client platform (at 5439c). In addition, yesterday morning (12/09) I also published a chart pack titled "Technical Insights and Perspectives: 25 Key Charts" - a mix of local and global absolute and relative charts. Meant to spark a thought and hopefully, make you go 'hmm..'. There's lots to look at, so for more high...
Just doing an updated chart on Omnia, not much has changed, still waiting to long this.
We broke and closed above some previous levels created throughout 2019, so we now looking for a long off the retracement we will be getting. We have to go down to go up first. So we can ride a short down if you have a capable broker or just wait for the long, much better probability.
Omnia seems to be consolidating in a pennant formation. Keeping an eye on this one. Break from of this pennant to the upside would be bullish. Neutral for now.
Omnia had a very good neckline break on good results. Possible targets for this break is 3230 & 3600. The breakout was very large and I would wait for some weakness to settle in (hope) and look for a position as we move closer to the neckline test of 2550.
I see nothing but a bullish set up here. Really good setup for long. Play the level and enjoy the profits. Follow me on twitter @Muazcoin
This ship looks like it is about to sail! Think it would test 3200 maybe one more time. Buy opportunity.
Omnia unaudited results shows profit again and the market responded well to this news. Omnia has formed a cup and handle or flat top triangle, and a 3185 neckline break could open 3670 and even 4300 targets.
Equities | Omnia | Following the share trading at a peak of around R100 18 months ago, we saw the price test a low of 1946c on 08 July 2019. Since then the share has made a recovery, with increased volume over the last month pushing the price to a 6-month high of 3594c while firming up and developing strong momentum. Buy on a pullback toward the breakout level of...