Wednesday, February 18, 2009

Olam International – SELL


Still holding above its 30-day SMA. Resistance is at S$1.36 and S$1.50.

MACD is about to confirm its dead cross while RSI has hooked downwards.

The stock could be heading lower to retest the breakout level at S$1.05-1.14next if the S$1.27 support gives way. Aggressive investors should only think ofbuying if this support level holds. Take profit for now.

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