GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
GREATLAND GOLD PLC ORD 0.1P, LLOYDS BANKING GROUP PLC ORD 10P, OILEX LD ORD NPV, VAST RESOURCES PLC ORD 0.1P, UK OIL & GAS PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Saw some noise about this being an exciting company, so though I'd check the technicals out.
For starters, what goes up very fast is often overdone and needs to cool before the next leg. It tried to bounce near the 50% mark but this fizzed out, meaning an ABC correction (Wave 2) is still ongoing.
In that case I'd set two targets for a trade entry:
(1) Where we ...
Just consolidating this latest rise. Familiar cup/handl shape on trendline support. Extension up at 15p look like a strong buy to me !
Both have double bottoms in play.
Gold $1350 should move OMI back to at least 22.5p
OMI Gold Producer. Stock geared directly to the Gold price.
Long on Gold = long on OMI.
Slightly under-Indexing the Gold rise at the moment so likel to be a decent entry level.