Technical Analysis Omnova: May Have Topped for Now!

305 2 7
Technical Analysis
The share has completed a bearish reversal behavior, the price has completed an inverted head and shoulders top pattern over the weekly time scale, suggesting bearish action likely in the upcoming months.
- Breakout below the neckline of the head and shoulders
-Breakout below the long term 52-week Average
-Violated the rising trend line for the bullish trend
-Price completed a retest to the broken neckline, showing renewed selling pressures

I am targeting 7.55 as a first downside target, then 6.40. Stop could be with a weekly closing above 9.00.

Best of Luck , join me at
Also at my Facebook             page
My best regards,
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Excellent analysis. It is a thinly traded stock though - average (3-month) daily volume is only around 80K.
+1 Reply
timwest huntingsniper
Dangerously thin volume.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out