What I see...
+ 10ma is crossing above 50ma
+ Hammer with long shadow finding support on the MA cross
+ This setup is a risky reversal gamble!!
+ MACD is above signal line, but still in bearish territory
+ Bearish engulf bar was at normal vol. while the bars prior and after are of high volume
- Bearish engulfing on -2d
- Down trend
- Bollinger is wide
- RSI is...
Hello all!
I took a long position in $NYSE:OMC previously, and I think it wants to make the same move, as when I capitalized on it before. It has been trading nicely in this range of 50.80s to 57.15s since the rebound of 3/20.
I am bullish long-term on this stock. Its balance sheet seems to be sturdy enough to wither this crisis. It will most likely see...
Omnicom Group Inc (OMC - US) is in WXY pattern. X wave is completed as complex wave. Y wave down is in progress now. Sell after some pull back with X wave high as stops.
Merry Christmas and Happy New Year!
Thank you for the continued community support throughout twenty-nineteen, I'm humbled and grateful for the positive feedback.
Neutral pattern until decisive close outside pattern. SP is near bottom upward monthly trendline. May be a good buying opportunity for a decent long term dividend paying stock with divi growth of 9 years.
CPB
EQT
OMG
All these three have good trading volume , very tight bid-ask spread and higher-than-normal realized volatility .
These three have also in common good bullish expectations, technically speaking.
Bottom line is: sell calls on these three.
Trade responsibly
I will be looking to play another earnings squeeze on omc market open tuesday, earnings report pre market. earnings squeeze example below from apog which i traded last week very similar setup
OMC (Bullish since 2015) is completing a triangle at a 0.5 Fibonacci level that also coincides with a long term support line for an upward channel. An upward break out of the triangle would make an excellent case for going long and looking for a move up to $89.50 (triangle resistance) or $95.00 if an ABCD pattern completes.
Omnicom Group, Inc. is a holding company, which engages in the management and provision of advertising agencies. It offers marketing and corporate communications services. The company was founded by Maxwell Dane in 1944 and is headquartered in New York, NY.
OMC
