Long
Mis à jour

Bullish view on Olam Intl (21/02/2019)

124
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.
Transaction en cours
EP has been triggered, TP 1 hit!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.