Wednesday,, 25 September 2024.
Time Published: 12h15
We have seen 8.6% upside follow-through on the falling wedge structure.
This setup was presented to clients, citing the similarity to it's sector peer Momentum Metropolitan (MTM)
While the long term setup (weekly/monthly charts) remain very appealing, event risk in the form of earnings could give rise to volatility.
Short term traders could use the current levels to bank/take SOME profit.
(Previous Post: Wednesday, 11 September 2024)
Pre-Market
Ticker: OMU
Strong upside follow-through from the falling wedge structure highlighted in the report: Active Trading Plan (Monday, 05 January).
Short term - volatility around earnings, but long term structure is NOT extended by an strength
As previous noted, the share has developed a long term base.
Slide 30 of 40 on Monday 05 July
OMU as of yesterday's close - solid push out of the falling wedge structure
Lester Davids
Analyst: Unum Capital
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