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G'day,Am delighted to see that on a very poor day for the market...

  1. 850 Posts.
    G'day,

    Am delighted to see that on a very poor day for the market OMI held its support of 2.75 all day and then closed up at 2.84.


    It has proven today that it has seen its lows and my prediction of 3.46 level in the near term prior to further consolidation still stands.


    I would assume shares in escrow are factored into market price and given the company is gaining strong contracts I would assume there will not be a rush to sell such stock.

    With shares in escrow, still only 25 million on issue.



    Anyway, very happy with today's performance with good technical support now formed.



    Good luck and happy days!
 
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Last trade - 11.44am 29/11/2024 (20 minute delay) ?
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