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, January 25, 2008

Olam 250108

Is Olam trying to complete a Triple Bottom formation? Its first bottom was on 23 nov, second bottom on 18 dec, and the 3rd bottom could be on 22 jan. Neckline looks to be at 3.06.

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For monday :

Support @ 2.79 (low light blue), 2.72 (mid red), 2.53 (low red)
Resistance @ 2.987 (upp light blue), 3.04 (blue) 3.06 (neckline)

Good Luck !!
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