CFD Trading – Buy Olam Group (VC2.SGX) @ $1.42. Stop @ $1.33 and Target @ $1.58.

OLAM GROUP   Stock Code VC2.SGX

Outlook

Price could have formed a possible price low at S$1.35. It rebounded after being supported by its previous low support zone. The RSI is rising from the oversold zone, hinting at potential price rebound ahead. These could increase chances of the stock price rebounding to move higher.

Strategy

$1.42                 Buy

$1.58                 Price Target

$1.33                 Risk Management Stop

3 weeks             Trade Duration

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