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.

Saturday, April 12, 2008

Olam 110408

After hitting a high of 2.58 on 7 apr, Olam broke the 2.47 support (red ...), and some other supports, the next day (8 apr). Olam even came close to testing the 2.18 support (blue --) on 10 apr.

Photobucket

However, Olam opened right on the uptrend support (low green) today, breaking 2 resistances (mid red, upp pink), and came close to testing the 2.47 level (red ....).

If Olam can open above these 2 resistances (upp pink, mid red) on monday, there's a high chance we might see Olam breaking the 2.47 resistance (red ....) again.

For monday :

Support @ 2.433 (upp pink), 2.40 (mid red), 2.36 (green --), 2.33 (low green), 2.27 (low pink)
Resistance @ 2.47 (red ...), 2.52 (mid green), 2.60 (pink ...)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)