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.

Tuesday, January 8, 2008

Olam 070108

Olam managed to break above the downtrend channel (purple) with volume today. And it also broke above the long term uptrend support (blue).

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In order to maintain this uptrend momentum, Olam would need to be trading within the uptrend channels (light blue).

For 8 jan :

Support @ 2.935 (blue), 2.915 (lower light blue), 2.837 (upper purple)
Resistance @ 3.00 (middle light blue), 3.06 (psychological resistance)

Good Luck !!
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