cal268

Stockpicks Aussie poor market

ASX:OMH   OM HOLDINGS LIMITED
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Hello Aussie stocks traders

The Australia stock market is pretty bad at this moment.
We have 150 buys 609 Sells 1261 Holds
BSR is 0.25 (very poor value)

Let us prepare some bottom fishing shopping list or cheap penny stocks.

Today's stockpick is OM Holdings (ASX:OMH)

Let's see some previous history data by VectorVest:
02-Mar-18 RT: 1.87
01-Mar-18 RT: 1.93
28-Feb-18 RT: 1.92
27-Feb-18 RT: 1.92
26-Feb-18 RT: 1.96
23-Feb-18 RT: 1.97

Sweet RT values !

As you know the ASX200 is moving downwards due to bearish divergence, and we'd expect OMH also draws downwards to Fib Ret. 23.6%.
When ASX200 rebounces, OMH will follow too.

VectorVest suggested a stop price of 1.13 which is slight lower than 40 EMA ($1.19) if you bought on last Friday.
I would suggest to keep the same stop price, but the entry price to be $1.29, if there were a bullish candlestick pattern.

Please put this stock into your watchlist, and watch for a bullish reversal soon.

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