11 Jul 2014 16:55
The major trend of Old Mutual Plc is bullish and at top it's forming slanting H&S pattern which is reversal pattern. Stock can show down side movement after breaching of it's neck line level i.e.192 as facing strong support in daily charts with 200DMA breaching of it can show selling pressure in the stock .One can initiates the short position in the stock after breaching 192 with the stop loss of 201 for the target of 176.