Olam – [ Hitting Our Second Target, Anymore? ]

10th April, 2018, 11:21 PM

Olam – [ Hitting Our Second Target, Anymore? ]

Chart Source: Poemsview 10th April 2018

Olam hit our second target of $2.40 in less than a week when we spotted it  and retraced shortly after. Hitting resistance and having some profit taking is normal as part of an uptrend process. Taking some profit off the table is never wrong as we reminded our clients to do so.

Olam might consolidate around the $2.35 levels before it continues its upwards march. A break above $2.40 might see it move up to $2.46.

Remember to have your trailing stop in place too to protect your profits.

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Yours

Humbly

Kelwin&Roy

Olam – [ Currently At Day High, Any Higher? ]

6th April, 2018, 4:04 PM

Olam – [ Currently At Day High, Any Higher? ]Olam 6th April 2018

Chart Source: Poemsview 6th April 2018

Olam currently at day high and hitting our first target of  day within the day. A Nice end to the week.

It is currently above the 20MA and staying above that might see more upside movement. So lets see olam can stay above $2.36 in the coming day. Market might still be volatile as we go into the weekend.

If Olam manages to stay above 2.36 we might see our next upside target at around 2.40 first. The 50Ma would be our support for now.

Of course our exclusive clients were informed earlier at $2.31 just this morning and so their risk reward is good.

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Humbly

Kelwin&Roy

 

 

Olam- [ Caught The Rebound? ]

23rd January, 2018, 11:00 PM

Olam- [ Caught The Rebound? ]

Chart Source : Poemsview : 23rd Jan 18

Once again, NO HINDSIGHT as Olam rebound from our previous post . A nice upside of 10% since our post!

It has hit our resistance of 2.28 and started retracing. Pullbacks might be a good chance to consider entry with of course our uptrend line as the support.

Our next possible upside target might be 2.38. Will update when the chance comes along.

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Kelwin&Roy

Olam – [ Starting Of A Rebound? ]

8th January, 2018, 11:59 PM

Olam – [ Starting Of A Rebound? ]

Chart Souce : Poemsview (8th Jan 18)

Olam a leading agri-business recently saw its share price fell from a high of 2.47 to $2.

A Base was then formed around there and it showed some sign of a rebound. It broke out of its downtrend line today and shoot up to 2.13.

Our next few possible upside targets might be 2.16 and then 2.2. With a protective stop of 1.99.

Of course of exclusive clients were alerted earlier before  the breakout.

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OLAM

20th November, 2016, 1:39 PM
OLAM Nov 2016
OLAM Nov 2016

Olam, just broke its major $2 support and came down to its $1.945support. The chart looks a little like yoma to us. It has about 2 months consolidation and started to come down.

Friday’s volume was rather huge so its good to take note of it. The horizontal support is at 1.945 and if that breaks we might see it head towards the 200ma at about 1.86 in the coming days.  Stop loss can be placed at 2.02

Yours

Humbly