Tuesday, August 31, 2010

Olam

Olam: technicals are pretty murky. No clear direction as prices have been whipsawing around the 200MA for the past couple of months, and looks like it could continue trading in a broad $2.20-2.85 range. Having failed to pierce the $2.85 resistance, probabilities favor a near term dip below the 200MA ($2.5 .

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