Omnicom Group (OMC) is trying to bottom here, as its stock looks to be putting in a bullish head and shoulders bottom… for the second time in 2 years!
Below is a chart highlighting this bullish trading setup. I’ve also listed 3 reasons this setup has good risk-reward.
Omnicom Group Stock (OMC) Trading Setup – Bullish Indications:
1. Possible Double bottom off of the 2015 lows, which includes a second head & shoulders pattern
2. Bullish hidden RSI divergence
3. Bullish RSI breakout with test
Omnicom Group Inc (OMC) Weekly Stock Chart
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