Disclaimer

Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Friday, December 21, 2007

Olam 211207

Olam managed to break out of 2 downtrend channels (brown and red) over the last 2 trading days. We could see Olam testing the psychological resistance of 3.04 (dotted).

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Support on Monday @ 2.875 (light blue) then 2.795 (upper red) then 2.632 (lower red).

Good Luck !!
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