JSE:OMU   OLD MUTUAL LIMITED
The chart structure of OMU reminds me of the recent price action in IPL where a channel continuation and downward trend line break saw the price make string gaiins. Yesterday we saw OMU close with a strong candle as it open below the EMA-20 and closed above the EMA-10. To the upside we have a 'gap' that potentially closes. (1) we may see a day or two of further consolidation, or (2) another strong push through trend line and recent short term consolidation. The break of the dotted downward trend line would signify a change in short term trend. Alsp note the tick up in volume yesterday (18/05).
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