Momentum stocks: Olam Group
In this article, we will focus on Olam Group Ltd in Singapore, whose stock price performance shows a positive continuation of upward trend.
In this article, we will focus on Olam Group Ltd in Singapore, whose stock price performance shows a positive continuation of upward trend. Here are some key highlights of the technical report:
Olam Group Ltd
Market positioning: Olam Group has been designated as a "technology buy" as the stock shows a sustained bullish trend.
Entry prices and support levels: The recommended entry points are SGD 1.20, SGD 1.10, and SGD 1.05, with support levels set at SGD 1.04 and SGD 0.89.
Stop loss and resistance level: To protect investment, it is recommended to set a stop loss level of SGD 0.96. The determined resistance levels are SGD 1.26 and SGD 1.60, respectively.
Target Price: The target prices are set at SGD 1.32, SGD 1.38, SGD 1.44, and SGD 1.63.
Company Profile: Olam Group is a comprehensive supplier of raw materials and processed agricultural products.
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