ShakeShakeLeg

No Omni Direction. Just Upward!

Long
NYSE:OMC   Omnicom Group Inc
What I see...
+ 10ma is crossing above 50ma
+ Hammer with long shadow finding support on the MA cross
+ This setup is a risky reversal gamble!!
+ MACD is above signal line, but still in bearish territory
+ Bearish engulf bar was at normal vol. while the bars prior and after are of high volume

- Bearish engulfing on -2d
- Down trend
- Bollinger is wide
- RSI is pointing south
- MACD is also in bearish territory

What I setup...
+ Long entry above -2d Open
- Stop underneath the Hammer
+ Target at 61
:: Duration - 5 to 10 sessions

** Comments and Likes are appreciated; New Subscribers are OMNI! **
Trade active: Setup trigger; Long position
Trade closed: target reached: Target reached today.

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