OM- Breakout Happened! New Targets Ahead OM rose more than 5% today, breaking out of the $0.3690 support and is currently at $0.4166. There are very strong signals in the short term. Technical indicators: ·MA(7):$0.4069 and MA(25):$0.3959 - above the short and medium-term averages, which confirms a strong uptrend. ·MA(99):$0.3967 - long-term resistance has been broken, and may now turn into support. ·MACD: Green bars are increasing, the DIF line has crossed the DEA - this is a classic bullish signal.
·RSI(6): 74.2- is already in the overbought zone, but the momentum is still going. Based on the action on the chart: ·OM tested the $0.4215 LEVEL and remains close without correction. This indicates that the potential is not exhausted yet. ·If there is a close above $0.4215, the next targets may be $0.4480 and $0.4690. ·Otherwise, the $0.3960 MA(99) level acts as a strong support. Short conclusion: The trend has changed in OM. If the strong support remains above, the rise may continue. It is important to watch for breaks!
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