Old Mutual: The group's share have been battered recently declining from 2200c to a low of 1728c. Now I don't know if it's the legal proceedings between the board and CEO that has caused the drop or if it's just the weakness in equity markets. Technically, the price appears to be finding a bottom having regained the 1753c zone. At current levels, it may be worth a short term buy.
Trading Plan:
Buy OMU at 1797c or better
Use a stop-loss of 1660c to protect capital
Take profit if we see the share trade near 1980c
Trading Plan:
Buy OMU at 1797c or better
Use a stop-loss of 1660c to protect capital
Take profit if we see the share trade near 1980c