OMC on the Verge: Will a Break Above $79 Ignite a Rally?
After reviewing 
OMC, inspired by an excellent idea posted by TopChartPatterns titled “A 10% rally is about to happen in OMC,” I decided to take a closer look at this potential investment.
On the short-term chart,OMC is currently in a consolidation phase, forming a rectangle pattern with well-defined support and resistance levels. Key indicators, such as the MACD and a healthy RSI around 60, point toward bullish momentum. The price is trading above the 20, 50, and 100 EMAs and is now approaching the 200 EMA. In my view, a decisive breakout above the 200 EMA would serve as a strong bullish confirmation, potentially triggering a rally toward the blue resistance line and re-entering the long-standing rising wedge channel. That channel, which lasted for several years, demonstrated significant strength but was broken in February 2025 as bullish momentum across the waves visibly weakened.
In summary: with sufficient volume, a clean breakout above the $79 resistance could spark momentum buying, making the old wedge resistance line the next logical target for a retest.
OMC, inspired by an excellent idea posted by TopChartPatterns titled “A 10% rally is about to happen in OMC,” I decided to take a closer look at this potential investment.On the short-term chart,
OMC is currently in a consolidation phase, forming a rectangle pattern with well-defined support and resistance levels. Key indicators, such as the MACD and a healthy RSI around 60, point toward bullish momentum. The price is trading above the 20, 50, and 100 EMAs and is now approaching the 200 EMA. In my view, a decisive breakout above the 200 EMA would serve as a strong bullish confirmation, potentially triggering a rally toward the blue resistance line and re-entering the long-standing rising wedge channel. That channel, which lasted for several years, demonstrated significant strength but was broken in February 2025 as bullish momentum across the waves visibly weakened.In summary: with sufficient volume, a clean breakout above the $79 resistance could spark momentum buying, making the old wedge resistance line the next logical target for a retest.
Dagangan aktif
The stock has just completed a 5-wave Elliott count, and I expect it could pull back toward the $75 zone before starting a new impulse and breaking above resistance
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.