Stage Analysis: Omnia
Graeme_AB looks at the stage analysis of JSE stock Omnia - the chemicals, fertiliser and explosives group.
Omnia overshot the LT TL (Long Term Trend Line):
- The ST TL (Short Term Trend Line) broke @ (a)
- The MT TL (Medium Term Trend Line) broke @ (b)
- The LT TL (Long Term Trend Line) @ (c).
The turnaround began on the break of the minor downtrend @ (d) the 200ma @(e) & then O/H (Overhead) resistance @ (f).
Targets the major down trend @~(g) and the LT TL @ (h).
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