LD_Perspectives

Omnia

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JSE:OMN   OMNIA HOLDINGS LTD
Equities | Omnia | Following the share trading at a peak of around R100 18 months ago, we saw the price test a low of 1946c on 08 July 2019. Since then the share has made a recovery, with increased volume over the last month pushing the price to a 6-month high of 3594c while firming up and developing strong momentum. Buy on a pullback toward the breakout level of 3228c, with tolerance to 2887c. The price is trading above the rising 8 and 21-day EMA’s, providing comfort that the bias is bullish.
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