Bearish potential detected for OMLEntry conditions:
(i) lower share price for ASX:OML along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $1.245.
Stop loss for the trade would be:
(i) above the resistance level from the open of 8th October (i.e.: above $1.29), or
(ii) above the resistance level from the open of 6th September (i.e.: below $1.31), depending on risk tolerance.
