JSE:OMU   OLD MUTUAL LIMITED
The chart structure of OMU reminds me of the recent price action in IPL where a channel continuation and downward trend line break saw the price make string gaiins. Yesterday we saw OMU close with a strong candle as it open below the EMA-20 and closed above the EMA-10. To the upside we have a 'gap' that potentially closes. (1) we may see a day or two of further consolidation, or (2) another strong push through trend line and recent short term consolidation. The break of the dotted downward trend line would signify a change in short term trend. Alsp note the tick up in volume yesterday (18/05).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.