Stock with Momentum: Olam Group

June 11, 2024

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we focus on Olam Group Ltd (SGX: VC2), whose price action is showing positive continuation to the upside.

Below are some key highlights from the technical report:

Olam Group Ltd 

Market Position: Olam Group is designated as a ‘Technical Buy’ because the stock is indicating an ongoing bullish trend.

Entry Prices and Support Levels: Recommended entry points are at S$1.20, S$1.10, and S$1.05, with support levels established at S$1.04 and S$0.89.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at S$0.96. The resistance levels identified are at S$1.26 and S$1.60.

Target Prices: Target prices are set at S$1.32, S$1.38, S$1.44 and S$1.63.

Company Overview: Olam International is an integrated supplier of both raw and processed agricultural commodities.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum.

Our goal is straightforward: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.