OMN: mean reversion tradeA 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 panel) also confirmed a change in trend direction.
OMN trade ideas
Omnia Buy/Long Idea Now +16.7%, Take Profit. 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 to bank profits if you are a short term trader.
For more insights and real-time ideas, get in touch today.
Omnia Holdings - How I'm Seeing ItOmnia: 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 quality real-time insights and ideas, get in touch today.
Omnia Holdings (OMN, 5439c)
The share developing a bull flag technical on it's prior demand/supply zone (now attempting to clear resistance)
Price above rising 50-EMA and 200-day SMA.
Also of interest is the substantial volume on Friday.
Temporary failure below 5100c.
It may be worth keep an eye on this one.
OMN Omnia Short till LongWe 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.
OmniaEquities | 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 3228c, with tolerance to 2887c. The price is trading above the rising 8 and 21-day EMA’s, providing comfort that the bias is bullish.
Omnia Holdings Roadmap to 500%I made an Omnia chart a while back (600%), the shares rights offer messed up the chart. The levels are still there though so I've redone the chart. Again, we could try pick some up a little lower here before continuing.
This sounds and looks crazy? Let's find out! Time will show us. (This may take a while)...