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.

Tuesday, April 15, 2008

Olam 140408

The signal for Olam came today when it opened above the downtrend resistance (low red) and broke the 2.47 resistance (red ...).

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Olam also tested the uptrend resistance (upp green) and downtrend resistance (upp pink), before closing right on the uptrend resistance (upp green).

If Olam can open above the 2.47 resistance (red ...) tomorrow, we might see it testing the 2.60 resistance (pink ...).

For tomorrow :

Support @ 2.47 (red ...), 2.38 (low red), 2.36 (low green, green --), 2.26 (low pink)
Resistance @ 2.50 (upp pink), 2.53 (upp green), 2.60 (pink ...), 2.62 (upp red)

Good Luck !!
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