NYSE:OMN OMNOVA SOLUTIONS INC
The share has completed a reversal behavior, the price has completed an inverted head and shoulders top pattern over the weekly time scale, suggesting action likely in the upcoming months.
- Breakout below the neckline of the head and shoulders
-Breakout below the long term 52-week
-Violated the rising trend line for the
-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 https://twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
My live trades here https://telegram.me/joinchat/DgsnQ0FzifLqyI2YAoMqqQ