Olam International Stock Code O32.SGX
Price broke below the cloud 4 days ago and in the previous trading session, price broke below a support as well as an Ichimoku V-shaped reversal. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and is below the cloud as well, confirming the bearish trend. MACD remains bullish but has a bearish crossover. MACD is moving lower as well, hinting at a bearish price trend ahead. We are expecting price to decline to the next support level at $1.55 or $1.48 in the next 2-3 weeks.
$1.55 Price Target
$1.76 Risk Management Stop
3 weeks Trade Duration