On Thursday, Olam re-test the resistance at $2 and closed at $2 with HIGH volume of 15.01 million shares traded.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Olam: $2.13

Immediate Support of Olam: $2

Currently prices are resisted by 20/50 days MA at $2.

Since 1 Aug, prices have been consolidating between the key support of $1.845 and key resistance of $2.13

The resistance at $2.13 is expected to be very strong.

We do not suggest to buy Olam now on a sideways market. In fact, we suspect that bears are trying to pull the stocks down. Buy at $1.845 would be much better entry point if possible.

Stock Chart: Olam! is contributed by : Singapore Stock Information Exchange