#OMI triangle breakout no advice given looks bullish to me
OMI burst out of a triangle in an ascending channel no advice
Huge triangle with converging waves in ascending channel - idea is this converges, the coiled spring releases and an upside trend kicks in
Just a simple two line chart to see for myself if it's a good time to buy.
Saw some noise about this being an exciting company, so though I'd check the technicals out. For starters, what goes up very fast is often overdone and needs to cool before the next leg. It tried to bounce near the 50% mark but this fizzed out, meaning an ABC correction (Wave 2) is still ongoing. In that case I'd set two targets for a trade entry: (1) Where we...
Just consolidating this latest rise. Familiar cup/handl shape on trendline support. Extension up at 15p look like a strong buy to me !