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Olam – [ Share Buy Back, What To Do? ] algo investing.com/wp-content/uploads/2019/06/olam.png” alt=”Olam 26th june 2019″ width=”967″ height=”545″ srcset=”http://algo investing.com/wp-content/uploads/2019/06/olam.png 967w, http://algo investing.com/wp-content/uploads/2019/06/olam-300×169.png 300w, http://algo investing.com/wp-content/uploads/2019/06/olam-768×433.png 768w, http://algo investing.com/wp-content/uploads/2019/06/olam-600×338.png 600w, http://algo investing.com/wp-content/uploads/2019/06/olam-720×406.png 720w” sizes=”(max-width: 967px) 100vw, 967px”>
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Chart Source: Poemsview 26th June 2019
Olam has been announcing a slew of share buy back since the start of june. It has slowly seen its price increase since then and that has caught our attention. Olam finally managed to cross its 200ema which we feel is a positive sign coupled with a share buy back.
Of course, our EXCLUSIVE CLIENTS were alerted on this last Wednesday as we share our analysis. We’re glad it hit our $2 target which is 4% upside since our entry. Olam is currently facing some resistance, as $2 is a round number resistance it might take awhile to break it. A break above this might see it move higher to $2.07
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