Price forming a C&H price pattern here closing above the EMA200. There is a decent 1:5 R/R if the setup plays out. The LT trend is down Watching this closely. Always manage your risk.
- Price is back above the 200 day and stochastics have reset
- Looking for a move up towards gap close
- Stoploss and takeprofit on the chart
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Momentum is down on JSE:OMU . If it continues downwards, I will enter a short position. I think we could see it go down towards the 1200 support level.
Very small range that can be played intraday. Break and close above R14.50 we might see a push to R15.
Trade ideas are my own and not financial advice.
Old Mutual Limited Ord Npv (Di) is listed on the London Stock Exchange,
trading with ticker code OMU. It has a market capitalisation of £3,711m,
with approximately 4,709m shares in issue. Over the last year,
Old Mutual Lim. share price has been traded in a range of 41.3, hitting a high of 84.65, and a low of 43.35.
OMU just about traded into my provisional accumulation zone (yellow circled areas), a level which was set two weeks earlier (05 July) and highlighted in my client report. The price has strongly reversed higher, following the expected path on the back of it's market update among other factors. From just above 1200c to 1463c, it may be time to partially reduce the...
Another one that keeps on promising. JSE:OMU is inching closer to the resistance level, I'd like to see the price break above this level. A good dividend payer. I'm bullish on financials, and the JSE:STXFIN pulled a good move today (I have a position on TFSA).
JSE:OMU recently bounced nicely off of the 200 Simple Moving Average and started to in an upward direction. It is also showing signs of great upward momentum so I think we could be looking at a nice upward move towards the previous resistance level at around 1480
- Old Mutual is coming off oversold levels and found support on the 200 day moving average
- Low risk swing idea for a move back towards R14 level (1st target)
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
After teasing with a break to the upside Ood Mutual (JSE:OMU) has remained within the medium term pennant, and is currently wedged between the 50MDA and 200MDA. A dialy close above or below either one of the two could confirm the direction of a break. With BV/S at 14.23 the bets is on for an upside break, target the Feb high with stops below 12.00, or 11.60
