Cup and Handle formed on Omnia with a tiny little handle. The type of handle you hold when you go to an Italian coffee shop or the ones you buy at a Nespresso. You hold it all awkwardly and you act like you're comfortable. Ye that handle! The price has broken it's downtrend after months of plummet. And now is showing strong signs of upside. We have moving...
JSE:OMN is at an area of value. For investors' sake the stock better find the support here otherwise things aren't looking good. Bounce up to R74 seem like an impossible task, that path of least resistance is going down to R51. Not looking good.
Head and Shoulders has clearly formed on the daily chart for Omnia. The moving averages are looking bearish with 200 >21>7 The first target is R54.82
I made an Omnia chart a while back (600%), the shares rights offer messed up the chart. The levels are still there though so I've redone the chart. Again, we could try pick some up a little lower here before continuing. This sounds and looks crazy? Let's find out! Time will show us. (This may take a while)...