Friday, March 22, 2013

Olam (technical)

Olam: Trading Central is bullish as the stock remains above rising trend line. Notes the 20 day and 50 day MAs are turning up, which should maintain buying pressure on the stock. Daily RSI has rebounded from its neutral area, indicating more upside. As long as $1.61 (trailing stop loss) is not broken, the house sees further advance towards $1.92.

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