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Peet_Serfontein

OMU: long exposure on a minor correction?

Long
OLD MUTUAL LIMITED (JSE:OMU)  
Peet_Serfontein  
JSE:OMU   OLD MUTUAL LIMITED
Trend Analysis Chart Patterns Technical Indicators
2
0
trendanalysis chartpattern indicator
A price action above 1210 supports a bullish trend direction.
Increase long exposure for a break above 1230.
The target price is set at 1270 (its 78.6% Fibonacci retracement level).
The stop-loss price is set at 1160 (its 23.6% retracement).
The waterfall effect of breaking the 200-day and 2-week will act as major support for the bullish underlying trend.
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