22 Jun '12, 12pm
Stock Pick – Olam
Stock Pick – Olam by Ivor on June 22, 2012 Olam showing signs of strength? 22 Jun 2012. Olam recovered the gap set on 18 Jun 2012. At the moment of writing, Olam is trading at 1.875-1.880, recovered from its day low of 1.810 (at least for now). And perhaps, more importantly, it seem to test and supported at its 38.2% retracement level based on the rise from the low of 1.525 (4 Jun) to high of 2.000 (20 Jun). Attached is the weekly chart of Olam dated 21 Jun 2012. Although the market is due to close within 30 mins, at this moment, there is a possibility of doji candlestick in the making. To me, there is a possibility of range bound trading between 1.810-2.000. The violation of these levels may indicate the possibility of these patterns in the making. Of course, this is something we do not know now, waiting for further signals. … Read the full article → Related posts:Stock C...