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.

Thursday, May 22, 2008

Olam 220508

After breaking the uptrend support on 20 may, Olam today broke and closed below the 2.74 support (red --) as well as the downtrend support (low red, mid pink).

Photobucket

If Olam opens below the 2.74 resistance (red --) tomorrow, we might see it trade within the downtrend channel (low/mid pink).

If Olam breaks the uptrend support (low green), we might see it test the 2.60 (pink...) to 2.63 (pink --) support levels.

For tomorrow :

Support @ 2.67 (low green), 2.65 (low pink), 2.63 (pink --), 2.60 (pink ...)
Resistance @ 2.71 (low red), 2.74 (mid pink, red --), 2.84 (upp pink)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)