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 17, 2008

Olam 150208

Olam's movement has been rather topsy turvy of late. But looking at the bigger picture, Olam could be forming a Symmetrical Triangle (upp red, converging with low blue).

Photobucket

Watch for any breakout with volume if you're thinking of going in.

For monday :

Support @ 2.55 (mid red), 2.51 (low blue), 2.42 (low red)
Resistance @ 2.663 (upp red), 2.776 (mid blue), 2.85 (upp blue)

Good Luck !!

No comments: