Shares & Derivatives
Stock Pick – Olam
By Stock Market  •  July 26, 2012
17 July 2012:  We started off the discussion with the "laggard story".  Olam will be the final stock counter to end that discussion.  22 Jun 2012:  We discussed the possibility of Olam range bounded between 1.810 - 2.000. And identified three possible patterns that make be in the making which depend on how the future price action may reveal to us.  They are Bearish 5-0, Bearish Bat and Bullish 5-0 patterns. 22 Jun to 22 July 2012:  Olam was range bounded between 1.810 - 1.915. On hindsight, it was inconclusive to determine the pattern. On 12 July 2012, we discussed a move above 1.930 may see upside, whereas a move below 1.810 may see the patterns we discussed on 22 Jun (in particular Bearish Bat and Bullish 5-0). By 23 July 2012, Olam moved below 1.810. This signal ......
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