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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.

Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.