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.

Monday, March 31, 2008

Olam 310308

Olam today broke 4 resistance with volume. More importantly, it broke the 2.18 psychological resistance (red --) and long term uptrend resistance (blue).

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However, Olam closed below the 2 resistances (blue, red --), but managed to close above the long term downtrend resistance (red) and uptrend resistance (upp green).

Would be interesting to see if Olam can open above the 2.18 psychological resistance (red --) and long term uptrend resistance (blue) tomorrow. If it does, then Olam might be able to test the downtrend resistance (upp pink).

For tomorrow :

Support @ 2.126 (upp red), 2.067 (mid pink), 2.03 (low green)
Resistance @ 2.16 (upp green), 2.18 (red --), 2.216 (blue), 2.277 (upp pink)

Good Luck !!
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