JSE:OMU Old Mutual Continuing What Was Started Last YearOld Mutual had high volume days last year that alerted us to some pending action - see posts below. Yesterday there was again some volume indicating the buyers are back from holiday and ready to continue the markup with some space to move.Longby SteynTradePublished 1
Liking OMU hereLiking the look of OMU, moving averages looking to turn and MACD has turned, hope it can break this flag.Longby TradingMzansiPublished 0
JSE:OMU Old Mutual Breaking Out?It is an unusual time of year to see this type of volume in the market but it seems 2020 is an unusual year. A number of stocks are showing some volume pushing the price. Old mutual has had two relatively high volume days at the end of last week pushing price higher from a lower volume back up (BU) to a last point of support (LPS). There has been a sign of strength (SOS) on higher volume. We are now looking for a break and markup to occur. Price could reach R20 so there is a good risk-reward for the trade.Longby SteynTradePublished 222
We continue to riseWe should be smiling soon as we come to the end of the year on a high note at OMULongby Mars_African_EmpirePublished 1
OLD MUTUAL - Observation- Im noticing alot of short term double top patterns on our local stocks with overbought stochastics - It will be interesting to see if bulls can hold off the selling else we likely to cool off and test recent resistance => support zones. - NO position currently... -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. by Trader-DanPublished 3
Nice long-term entry here on OMUThis stock is looking pretty decent for a long-term equity investment entry point.Longby HerenyaPublished 0
old mutual analysis the market has broken and is trading above the resistance trendline, a possible bullflag is forming in the lower h1 timeframe , target would be the gap at 1424Longby siya_southPublished 0
OMU Bouncing of 200SMA with downward momentumJSE:OMU has found some resistance at the 200 Moving Average and could be heading for a downward move. The stochastic and the MACD are both starting to confirm this downward momentum.Shortby RossLarterPublished 1
Old Mutual looking like the lagger of the packThe insurance giant looks like the lagger of the financials. After failing to break through its 200d EMA looking rather bearish at the moment. Shortby VillageTraderZAPublished 0
OMU: mean reversion trade?Breaking away from the upper range of the Bollinger Bands. Downside price momentum supports a bearish stance.Shortby Peet_SerfonteinPublished 2
Resistance holding in the 1300 - 930 rangeOld mutual has been trading in the 1300 - 930 range. if the price action confirms, a short looks rather interesting targeting the 930c support with a stop just above the resistance levelShortby VillageTraderZAPublished 0
OMU Break of downward trendJSE:OMU was trading in a downward trend but has recently broken through the trend line, come back down to test it as support and seems to be moving upwards again. I will wait for a confirmation above the 1100 level before entering a long position.Longby RossLarterUpdated 3
OMU - OLD Mutual LONG IDEA - Price has made a higher low and at a level which presents good risk to reward on the trade - Stochastics coming off oversold - Target and stoploss on the chart -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-DanPublished 0
Old Mutual overviewThe share price is currently heading towards the major descending trend line and previous support from a well-structured double-bottom pattern. For the more risk-aware investors, I'd advise you to place an alert around the 1280 level and await crossing confirmation. I will also update this idea upon finding more useful/reliable fundamentals. Goodluck and follow me for more.Longby UnknownUnicorn4565572Published 2
Double bottom on OMU?Perhaps a double bottom at the end of a long-term down trend?by HerenyaPublished 2
Support coming upShort trade on OMU going pretty well so far. Key support levels market on chart. They could provide some support, but given context of markets at the moment, I doubt they will hold.by HerenyaPublished 1
OLD Mutual - Long IDEA - After the short from the resistance level of the range, we are taking a long here as a swing trade idea (aggressive entry) - Entry closer to R10.90 will give a better R:R Previous trade is in the link below.... -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-DanPublished 0
OMU: aiming for its 200-day simple moving average?Need upside momentum to assist the trend.Longby Peet_SerfonteinPublished 1