OMATEK LONG IDEAAfter getting to a resistance turned support within the discount level, bullish engulfing candlestick was formed on OMATEK stock. This is a signal that price is ready to go higher.
To take advantage of the long opportunity, you can buy at the current market price. The stop can be at N1.13 (-16.30%) while the targets are N1.89 (40%) and N2.26 (67.41%).
Confluences for the long idea:
1. Key level (resistance turned support)
2. Bullish engulfing candlestick
3. Uptrend
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
