26 Jul '12, 4am

Stock Pick – Olam

17 July 2012: We started off the discussion with the “laggard story”. Olam will be the final stock counter to end that discussion. 22 Jun 2012: We discussed the possibility of Olam range bounded between 1.810 – 2.000 . And identified three possible patterns that make be in the making which depend on how the future price action may reveal to us . They are Bearish 5-0, Bearish Bat and Bullish 5-0 patterns . 22 Jun to 22 July 2012: Olam was range bounded between 1.810 – 1.915 . On hindsight, it was inconclusive to determine the pattern . On 12 July 2012, we discussed a move above 1.930 may see upside , whereas a move below 1.810 may see the patterns we discussed on 22 Jun (in particular Bearish Bat and Bullish 5-0 ). By 23 July 2012, Olam moved below 1.810. This signal … Read the full article → If you enjoyed this article, get email updates (it's free). Related posts:Stock Pi...

Full article: http://thefinance.sg/2012/07/26/stock-pick-olam-3/

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