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 24, 2008

Olam 220208

Olam is still trading sideways. It seems that the whole market is still quite undecided where it wants to head to.

Photobucket

However, things look interesting for Olam as the downtrend resistance (upp red) converges with the uptrend support (low blue) some time in the middle of this week.

Watch for any break out with volume.

For monday :

Support @ 2.604 (low blue), 2.55 (mid red), 2.45 (low red)
Resistance @ 2.64 (upp red), 2.69 (mid blue), 2.745 (upp blue)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)