On Tuesday, Olam re-test the support at $1.445 and closed at $1.48 with LOW volume of 2.5 million shares traded.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Olam: $1.575

Immediate Support of Olam: $1.445

Currently prices are resisted by 50 days MA.

On 22/Aug, prices have been trending along the key support at $1.415 and key resistance at $1.575

The resistance at $1.575 expected to be very strong.

Olam seems to be pulling downwards and we would like to advise to watch for the support at $1.445/$1.415 as it would be a good opportunity for entry.

Important News

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SATS Ltd ...