CFD Trading – Sell Olam Intl (O32.SGX) @ $1.67. Stop @ $1.76 and Target @ $1.55.

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.


$1.67                 Sell

$1.55                 Price Target

$1.76                 Risk Management Stop

3 weeks Trade Duration

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