OMSE Poised for Next Leg Up as Bullish Momentum Builds
OMS Energy Technologies Inc. (NASDAQ: OMSE) has staged a powerful breakout, signalling the start of a potential medium-term uptrend. After weeks of consolidation within a tightening wedge, the counter surged past the USD4.00 resistance with strong volume, confirming institutional buying interest. The rally extended to USD5.80 before consolidating around USD4.70–4.80, forming a healthy pullback for further accumulation. Momentum indicators remain firmly positive. SmartMCDX shows strong green and red bar dominance, reflecting both sustained institutional inflows and short-term speculative enthusiasm. The upward shift in structure from lower highs to higher lows reinforces the bullish setup. From a valuation and trend perspective, OMSE appears well-positioned to retest USD5.80 . A breakout above this level would pave the way toward the USD6.20–6.50 zone. As long as the stock holds above USD4.00, market sentiment remains constructive, and the risk-reward prof...