Australia's largest stock trading and investment forum Australia's #1 stock forum

OMH

Click for more information

3.95%

36.5¢ om holdings limited

OMH a strong BUY, page-74

First 74 Last

Share
Profile

Follow
Zatso

2 Posts.

05/11/19

07:55

Post #: 41248728
Share

Originally posted by Greynomad73: ↑

Hi Jamiee - You could be right but I'd be looking for more evidence of a change in trend from a stock that has lost about 80% of it's value this year. The stock remains in a technical downtrend although it has broken above it this week - technically it needs to close for 2 weeks above trend to be a buy. Yes it has fallen 75% of the rise from the start of the current price cycle and that's usually where price will bottom. It made a head and shoulders pattern which suggested price should fall to about its recent low. Another possibility is that the blue dashed line could be a long term support line and price might be making a sub-wave 4 of Wave C before finally falling back to that support.
While a lot of this supports your theory that price will rise further (and I hope it does) I'd at least like to see some higher lows and highs on the weekly chart before diving in to a stock that has had such a sustained and significant fall.
Good luck with it and I'll keep watching for now.

Expand

Thanks for your comments Greynomad73. Much appreciated.

OMH Price at posting: 51.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

3 stocks with antimony news on Thursday

NEC

Nine Entertainment announces its CEO is stepping down – on an ex-divvy day

SS1

Sun Silver confirms high-grade extension theory at Maverick Springs with 79.6 g/t intercept

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

BRX

Belararox to grow copper footprint in Botswana with 4,286 square km tenure

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

ASX Market Open: Local bourse to trade green | Thursday September 12

MTM

Forget gallium: MTM says it's extracted gold from e-waste

CU6

Clarity progresses SECuRE trial with positive safety results

There are more pages in this discussion • 195 more messages in this thread...

First 74 Last

Add OMH (ASX) to my watchlist

(20min delay)
Last 36.5¢		Change -0.015(3.95%)		Mkt cap ! $279.6M

Open	High	Low	Value	Volume
37.0¢	37.0¢	36.5¢	$4.825K	13.18K

Buyers (Bids)

No.	Vol.	Price($)
3	18895	36.5¢

Sellers (Offers)

Price($)	Vol.	No.
37.5¢	20000	1

View Market Depth

No.	Vol.	Price($)
3	18895	0.365
3	21010	0.360
1	10000	0.355
1	6	0.350
2	31500	0.330

Price($)	Vol.	No.
0.375	20000	1
0.400	115125	3
0.415	4350	1
0.455	6528	1
0.485	11740	2

Last trade - 14.23pm 13/09/2024 (20 minute delay)

OMH (ASX) Chart

SPONSORED BY