Stocks with Momentum: Wilmar International and Olam Group

March 5, 2024

Stocks with Momentum by ProsperUs

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 Wilmar International Ltd (SGX: F34), which is showing a potential V-shaped bottom in its price action, and Olam Group Ltd (SGX: VC2), which is likely heading for a strong upside.

Here is a look at some of the key highlights of the technical report:

Wilmar International Ltd

  • Market Position: Technical Buy at last price of S$3.36.
  • Entry Prices: S$3.36, S$3.25, S$3.14 with supports at S$3.20 and S$3.00.
  • Stop Loss: S$2.98, with resistance at S$3.45 and S$3.77.
  • Target Prices: S$3.68, S$3.80, S$4.00, and S$4.40.
  • Overview: Wilmar International offers oil palm cultivation, edible oil refining, crushing, and gains processing services, as well as provides sugar, flour, and rice.

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

Olam Group Ltd

  • Market Position: Technical Buy at last price of S$1.02.
  • Entry Prices: S$1.02, S$0.93, S$0.85 with supports at S$0.89 and S$0.795.
  • Stop Loss: S$0.79, with resistance points at S$1.04 and S$1.26.
  • Target Prices: S$1.20, S$1.37, S$1.44, and S$1.63.
  • Overview: Olam Group is an international integrated supplier of both raw and processed agricultural commodities.

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

Take advantage of the stock momentum

Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.

Disclaimer in the report attached.