Sunday, July 25, 2010

Olam 23-Jul-10 (Sell)

Attempted to break out of band (Green line, established by 4 peaks since Oct 2009) but failed, closing lower than Thurs close. Expect a slight rally on Mon but holds the view that the band will not be broken.

Entry Price: 2.77
Target Price: 2.5 2.3 (17%)
Stop Loss: 2.9 (5%)

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