Old Mutual OMU (currently ~961c). One of the names I'm looking at for next week.
Potential buy/long. Looking for confirmation via candle strong structure.
- price at lower boundary of downward trending channel.
- at horizontal support extending back to March , September and November 2020
- potential breach of downward price slope structure as highlighted by the first three white arrows (and subsequent breach) within the manually-drawn channel.
For more research insights, including trade ideas, get in touch today.
Provisional levels:
SL: 923c
Target: 1025c
Potential buy/long. Looking for confirmation via candle strong structure.
- price at lower boundary of downward trending channel.
- at horizontal support extending back to March , September and November 2020
- potential breach of downward price slope structure as highlighted by the first three white arrows (and subsequent breach) within the manually-drawn channel.
For more research insights, including trade ideas, get in touch today.
Provisional levels:
SL: 923c
Target: 1025c
