BPCL is a BUY CMP377 for Targets upto 450This stock is travelling within the Wedge, now its time to reach higher end of the Wedge, once it breaks out of wedge then open blue sky
OMC
OMC - Extended Right Arm of W PatternOMC has a nice W pattern angled right here.
I expect the right arm of the W to extend higher than the rest.
I have shown this extension to resistance in thick green, with the bars pattern tool.
Numbers 1,2,3 are just counting the W pattern.
Opportunity in Oil and Gas companiesAfter the PSUs era ended, now the OMCs are doing exceptionally well. The trend shows a strong up move ahead once it breaks the resistance levels as directed by yellow horizontal lines.
Keep a look at OMCs like BPCL, Sail, etc., and prepare accordingly to take advantage of the opportunity.
OMC - Ascending Triangle Breakout PotentialOMC has formed a large Ascending triangle / bullish rising wedge on this 3D timeframe This will likely break out to the upside as indicated by the double curve
Long | OMCNYSE:OMC
Possible Scenario: LONG
Evidence: Price Action
TP1~ 82.80$
Call options, Strike 80$, 05/21/21
This is my idea and could be wrong 100%,
A safe long term hold OMC has an annual earnings per share of 6.08 giving it a P/E ratio under 10 (9.1). They payout 42% of their earnings through dividends(4.7% yield) and another 40% through buybacks. It’s long term annual growth is expected to grow 2.5% or 5.5% when including buybacks. Last recession their eps went down to a low of 22% of which completely recovered after 2 years. Their last eps has only been slightly affected but we shouldn’t be surprised if earnings continue to fall.
Their book value per share or margin of safety is $13.65 and their cash flow is $2.6 a share. Return on assets is 5.4%, debt to equity ratio is 2, current ratio is .92 and P/S is .82 (.75 is industry average).
OMC is in the business of advertising and marketing. This is a brief analysis and you should always look more into the details of a company before becoming an owner of them.
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Thank you for the continued community support throughout twenty-nineteen, I'm humbled and grateful for the positive feedback.
Market Review - Sunday, 08 December 2019MMC, AJG, SO, OMC, EIX, AFL, APD, AZN, D, GPC, HEI, LMT, MAA, TJX
Market Review - Sunday, 01 December 2019AON, TGT, OMC, AJG, SO, MMC, APD, AZN, CI, CPB, D, EIX, GWW, SO, Y, TGT
DSV getting ready to doom. DSV A/SBearish cross of 20-50-200 in daily. Looking at daily and weekly shows a bubble is popped and the price is going to the mean, which is fib 0.618 zone.
Expecting the dead cat bounce to play out, but I don't expect the price to go further up than the red box.
Green box is fib zone which is at 24x zone.
