Maboko

Momentum to the upside for OMU?

Long
JSE:OMU   OLD MUTUAL LIMITED
OMU has been in an ascending channel. Price has closed above the 200-day SMA, still favouring the bulls.

Direction: Buy
Target: R12.92
Stop loss: R11.51
Risk/Reward: 1.5

Traders/Investors should always make their own analysis, the idea posted is just a guideline. Risk management is always your number one priority.
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