OML is looking weak and sellers are taking control

Potential Sell Alert

 

OML – Oohmedia Limited

Stock : OML – Oohmedia Limited

Current Price : 4.07

Status : On watch for lower high

OML was originally on watch for a potential buy alert and how a few weeks can change the outlook. Price action has found weakness the last few weeks and now looks set to fail to new lows. We can see price has held the 4.80 resistance zone and now pushed down to 3.90. We have seen buyers step in but the sellers have taken control so we expect to see a lower high build for an extended move lower through 3.70 and beyond.