Partner with US
login
Open Free Account

Resources

Trade idea on Old Mutual PLC (OML)

/
Barry Dumas
oml pic1

Trade idea on Old Mutual PLC (OML)

A trade set up has presented itself on Old Mutual PLC (OML) and I am looking to buy at 4097c. The price action seems to have broken out of a descending channel and is starting to move higher.

ALSO READ MORE ABOUT CHANNEL PATTERNS HERE 

Trade: Old Mutual PLC (OML)

  • Entry (buy): 4097c
  • Stop loss: 3961c
  • Target price: 4267c

UPDATE

Update on Old Mutual PLC (OML) 24 April 2018

Old Mutual PLC (OML) has reached our target price at 4267c and is still looking good for some upside to come over the following weeks. I believe this move today was mostly due to the SENS announcement that came out Friday the 20th of April that gave some insight into the managed separation.

SENS Announcement:  https://senspdf.jse.co.za/documents/SENS_20180420_S398550.pdf

Old Mutual PLC (OML) chart:

Screen Shot 2018-04-24 at 15.31.16

Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.

SEARCH ALL RESEARCH