On Friday, Olam trend aimlessly and closed at $2.52 with LOW volume of 5.85 million shares traded.

A black candle stick with little upper shadow affirms that investors have no qualm in selling the stocks lower.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Olam: $2.62

Immediate Support of Olam: $2.47

Currently prices are supported by 20/100 days MA at $2.47

Since 5/Aug, prices have been consolidating between the key support of $2.14 and key resistance of $2.62.

The resistance at $2.62/$2.69 is expected to be very strong.

If interested to long Olam, watch for the support at $2.33 since the minor support at $2.47 might not hold well.

On Friday, Cosco re-test the support at $0.975 and closed at $0.98 with LOW volume of 10.51 million shares traded.

A black ...