This stock is travelling within the Wedge, now its time to reach higher end of the Wedge, once it breaks out of wedge then open blue sky
OMC has a nice W pattern angled right here. I expect the right arm of the W to extend higher than the rest. I have shown this extension to resistance in thick green, with the bars pattern tool. Numbers 1,2,3 are just counting the W pattern.
After the PSUs era ended, now the OMCs are doing exceptionally well. The trend shows a strong up move ahead once it breaks the resistance levels as directed by yellow horizontal lines. Keep a look at OMCs like BPCL, Sail, etc., and prepare accordingly to take advantage of the opportunity.
OMC has formed a large Ascending triangle / bullish rising wedge on this 3D timeframe This will likely break out to the upside as indicated by the double curve
NYSE:OMC Possible Scenario: LONG Evidence: Price Action TP1~ 82.80$ Call options, Strike 80$, 05/21/21 This is my idea and could be wrong 100%,
OMC has an annual earnings per share of 6.08 giving it a P/E ratio under 10 (9.1). They payout 42% of their earnings through dividends(4.7% yield) and another 40% through buybacks. It’s long term annual growth is expected to grow 2.5% or 5.5% when including buybacks. Last recession their eps went down to a low of 22% of which completely recovered after 2 years....
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TGT, AON, SO, MMC, OMC, EIX, AJG
MMC, OMC, AJG, EIX
MMC, OMC, EIX, SO, AJG, MCD, GOLD
MMC, AJG, SO, EIX, OMC, MAA
MMC, AJG, SO, OMC, EIX, AFL, APD, AZN, D, GPC, HEI, LMT, MAA, TJX
SO, EIX, OMC, AJG, MMC
EIX, CPB, SO, OMC, AJG, MMC, MCD, GOLD
AJG, MMC, OMC, SO, CPB, EIX
AON, TGT, OMC, AJG, SO, MMC, APD, AZN, CI, CPB, D, EIX, GWW, SO, Y, TGT
ALL, AFL, MCD, OMC, MMC, AJG, SO, AON
OMC, AFL, ALL, MCD, GOLD, MMC, AJG, SO, AON