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.

Wednesday, March 26, 2008

Olam 250308

Olam today broke the long term uptrend resistance (blue), although volume was just 2,000 lots more than yesterdays (15.7m vs 17.7m).

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If Olam can trade above the long term uptrend resistance (blue), it will become quite a strong support.

For tomorrow :

Support @ 2.213 (blue), 2.107 (low purple), 2.038 (upp red --), 2.008 (low pink), 1.847 (low red --)

Resistance @ 2.271, 2.287 (low pink --), 2.32 (upp purple), 2.348 (upp pink --)

Good Luck !!
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