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RossLarter

Old Mutual - 200SMA Bounce with upward momentum

Long
OLD MUTUAL LIMITED (JSE:OMU)  
RossLarter  
JSE:OMU   OLD MUTUAL LIMITED
Trend Analysis Moving Averages Support and Resistance jse ALSI ZAR southafrica oldmutual
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trendanalysis movingaverage supportandresistance jse alsi zar southafrica oldmutual
OMU recently bounced nicely off of the 200 Simple Moving Average and started to in an upward direction. It is also showing signs of great upward momentum so I think we could be looking at a nice upward move towards the previous resistance level at around 1480
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