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Friday, January 1, 2016

OLAM

OLAM INTL - 2nd January 2016

OLAM INTL seems to have bounced off from the low of $1.75 on 16th Dec 2015 and had since risen to close higher at $1.82 on 31st Dec 2015.
The current price is hovering above both 14SMA & 25SMA which is generally positive.
Also both MACD & RSI are rising upwards which may provide further indication to drive the share price higher .


A nice breakout of $1.86 couple with good volume that may propel to drive the share price higher towards $1.92 then $2.02 on a short term uptrend mode.

If price dropped below $1.79 then perhaps this uptrend mode may not follow-though.

Entry price - $1.86
Cut(Stop)Loss - $1.79
Target price - $1.92 - $2.02

(Trade/invest base on your own decision)

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