Olam International (O32) looks bullish as long as price can break above $1.98. We can see that price has closed above the 200D MA which gives us a bullish view of the market. However, we will need to take note that sellers are accumulated at $1.98 level with Monday closing somewhat of a Doji with high volume. We will lean towards the bullish stance as long as the price do not close below our 50D MA (in blue).
EP: 1.93
TP 1: 2.02
TP 2: 2.28
SL: 1.80
Best Regards,
Nour Capital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
EP: 1.93
TP 1: 2.02
TP 2: 2.28
SL: 1.80
Best Regards,
Nour Capital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trade active:
EP has been triggered, TP 1 hit!