Daeubner: OMV: Beware of a false break-out

At first sight it looks as if OMV left its long sideways trend. But be aware: The overall downtrend is still intact and acts as major resistance. Normally, a break to new highs is a great buy signal. In this case, the break-out could be a bull shake-.out - and prices might collapse soon. My advice to you: Don`t just buy the higher high this time. There is a chance that all the pigs will get slaughtered. Meaning: Be careful in this case and adjust to the market!