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.

Sunday, February 3, 2008

Olam 010208

Olam seemed to have recover well from its low of 2.18 on 22 jan. It is currently trading within the uptrend channel (blue) which I've just added.

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If Olam can maintain its push upwards toward the higher uptrend channel (light blue), we may see Olam testing the 3.06 resistance in the near future.

For monday :

Support @ 2.662 (mid blue), 2.555 (low red), 2.445 (low blue)
Resistance @ 2.707 (upp red), 2.80 (upp blue), 2.86 (low light blue)

Good Luck !!
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