Trade idea on Old Mutual PLC (OML)
This Old Mutual PLC (OML) trade opportunity was brought to my attention by Piru Harington who is one of our Private brokers and I must say it looks good for a long trade.
Outlook: The buy is supported by the bullish engulfing candle which can be seen in the chart as well as the price action being supported higher by the 200-day Simple moving average.
Take Note: Old Mutual PLC (OML) will have its corporate action, namely the managed separation kicking off its new listing on the 26th of June.
Full trade summary and chart detailed below:
Trade: Old Mutual PLC (OML)
- Entry (Buy): 3971c
- Stop loss: 3890c
- Target price 1: 4097c
- Target price 2: 4267c
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