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, June 19, 2008

Olam 190608

After breaking the 2.76 resistance (red --) yesterday, Olam came back down to earth just as quickly today, closing below the 2.60 support (pink ...) as well.

If Olam cannot break the 2.60 neckline (pink ...) tomorrow, we might see it testing the uptrend support (low blue), or even the 2.48 support (blue ...).

Even if Olam breaks the 2.60 neckline, it still has to content with the uptrend resistance (mid blue) and downtrend resistance (upp red).

Photobucket

For tomorrow :

Support @ 2.58, 2.508 (low blue, low red), 2.48 (blue ...)
Resistance @ 2.60 (mid pink, pink ...), 2.63 (pink --), 2.663 (mid blue), 2.73 (upp red), 2.75 (upp blue), 2.76 (red --)

Hope you find my analysis helpful. Thank you for your support !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)