Olam

Olam: CIMB has Technical Buy call. Highlight that prices seem to be trying to close the $2.95-$3.07 gap set on 24th Sept. Notes that MACD is still negative, but starting to flatten out, and RSI is finding some support ard the 40-50 pts mark. Note that huge gap will act as support, however if prices fall below gap, correction could likely continue. Recommends accumulating on weakness with stop loss at $2.95. A break above $3.20 will see prices move to resistance of $3.37, $3.46 & $3.54.