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Thursday, April 9, 2020

Olam Intl

Chart wise, looks bearish!
It has been sold down from $1.88 to a low of $1.26 before bouncing off to close slightly higher at $1.44, looks rather interesting!


NAV of $1.686
Dividend of 8 cents.
Yield of 5.55%.


The current price remain weak but lately has been seeing insiders buying up from $1.35 to $1.50 level ,looks like current price of $1.44 may be viewed as undervalued.


Short term wise, I think of it is able to cross over $1.53 the recent high smoothly plus good volume that may likely see further upwards move towards$1.60 them $1.70.


Not a call to buy or sell.
Pls dyodd.


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