Omnia Holdings update still coming down to R54.82Head and Shoulders formed last year and the pattern is still in tact.
SInce the breakdown there has been a strong range bounded formation which has made this trade very lacklustre to hold.
Now that it's broken below the rectangle shows a more promising move to the original target.
200 >21>7
Target R54.82
ABOUT OMN
Omnia Holdings is a South African chemicals and fertilizer company that was founded in 1953.
The company operates in over 50 countries, with a focus on Africa, Europe, and South America.
Omnia has three main business segments: agriculture, mining, and chemicals.
The company's agriculture division provides a wide range of crop nutrients and plant protection products to farmers.
Omnia's mining division supplies explosives and blasting services to the mining industry.
The chemicals division produces and markets a variety of chemicals, including acids, alkalis, and organic and inorganic compounds.
