Omnia

Graeme_AB looks at the stage analysis of JSE stock Omnia - the chemicals, fertiliser and explosives group.

Omnia

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).