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.
Want to be informed of such trade analysis and learn from such analysis?
Then Take Action and Click HERE if you want to receive such timely trade analysis.
We got a team of top tier remisiers waiting to serve you.