Olam

Olam: Technical Sell Call by UOB Kay Hian with TP at $1.53 and potential 13.3% return. Note that Prices appear to break out of the Bollinger band squeeze and a break below $1.70 is likely to see more selling pressure ahead. Support at S$1.81 could now potentially turn as resistance. Its Stochastics indicator has formed a bearish crossover and has trended down. Stops could be placed at above $1.835