Analysis Based on 1 day Time frame ! Recent Trend : $OM is showing significant bullish momentum, rising 27.31% in the last 24 hours. The current price is $4.27, with a 24-hour high of $4.45 and a low of $3.35, indicating strong intraday volatility. Volume Profile : Trading volume is substantial, with a 24-hour volume exceeding $1 billion, suggesting high market activity and interest.
Bullish Scenario :
If the bullish momentum continues: Immediate Resistance: $4.45 (recent high). Key Bullish Target: $5.00 (psychological level).
Extended Bullish Target: $5.50-$6.00 (potential rally zones based on current strength).
Bearish Scenario :
If thereās a pullback : ā¢ Immediate Support: $4.00 (psychological support). ā¢ Key Bearish Target: $3.50 (previous consolidation level). ā¢ Extended Bearish Target: $3.00, where stronger support may be found.
Indicators to Monitor :
RSI: Watch for overbought signals above 70, which could indicate potential profit-taking. Volume: Continued high volume on breakouts supports bullish continuation, while declining volume may signal consolidation. Moving Averages: Short-term moving averages (like the 9 or 21 EMA) could serve as dynamic support during pullbacks.