Omnia C& tiny H and broken downtrend - heading up to R70.70Cup and Handle formed on Omnia with a tiny little handle.
The type of handle you hold when you go to an Italian coffee shop or the ones you buy at a Nespresso.
You hold it all awkwardly and you act like you're comfortable.
Ye that handle!
The price has broken it's downtrend after months of plummet. And now is showing strong signs of upside.
We have moving averages looking quite good.
7>21- Bullish
Price>200 - Extra bullish
Target R70.70
ABOUT THE COMPANY
Omnia Holdings Limited is a diversified chemicals group that supplies chemicals and specialized services and solutions for the agriculture, mining, and chemical application industries.
Not sure how it got its name but Omnia is a Latin word meaning "all" or "every."
The name could represent the diverse range of services and products the company offers across multiple sectors, essentially serving "all" or "every" sector of the industries it operates in. Think of Omnipresent, Omniscient, Omnivore, Omnibus.
Founding: Omnia was established in 1953 in South Africa.
Public Listing: Omnia was listed on the Johannesburg Stock Exchange (JSE) in 1980.
Global Presence: The company operates in more than 30 countries, including Africa, Australasia, Brazil, and China.
Divisions: Omnia has three main divisions: Agriculture, Mining, and Chemicals.
Agriculture Division: This division offers specialized products and services for various agricultural applications, including crop nutrition, seeds, and plant health.
Mining Division: The Mining division offers commercial explosives, blasting solutions, and associated services for the mining industry.
Chemicals Division: This division supplies a range of industrial chemicals and polymers.
Sustainability: Omnia has a strong commitment to sustainability and responsible business practices, including the responsible use of natural resources.
Innovation: The company has a focus on innovation, with its new Nutriology® concept, which involves the science of growing by enhancing the efficiency of crop nutrient use.
Research & Development: Omnia has its own R&D facilities to develop new products and technologies.
Employees: Omnia employs over 4,500 people worldwide.
