On Monday, Olam re-test the resistance at $2.33 and closed at $2.33 with regular volume of 13.2 million shares traded.
A white candle stick with long lower shadow affirms that investors are taking profit off this rally. .
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of Olam: $2.33
Immediate Support of Olam: $2.14
Currently prices are well below 20/50/100/200 days MA.
Olam seems to be supported well by the lower raising trend lines and forming a higher low.
The trending line support at $2.23 seems to be holding well currently.
Can consider to take chance at $2.23 if interested otherwise just wait for prices can pull back to $2.14 support.
Stock Chart: Olam! is contributed by : Singapore Stock Information Exchange