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, January 13, 2009

Olam 130109

Olam was one of the rare few that was positive today. After opening below the 2 support trendlines (low blue, low red) and 1.25 support (green --), it even went on to test the 1.30 resistance (lightblue ...).

If Olam can stay within the uptrend channel (blue), we could see it attempt to break the 1.30 resistance soon.

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For tomorrow :

Support @ 1.26 (low blue), 1.25 (green --), 1.24 (low red), 1.22 (pink --), 1.17 (pink ...)
Resistance @ 1.30 (lightblue ...), 1.36 (lightblue --), 1.38 (upp blue), 1.40 (green ...)
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