OLAM International

Update - OLAM International - 25th January 2016

Olam International today has broken down the previous low of $1.61 as reflected on the chart with a Long Black candle stick , this is generally very negative.

As mentioned before , there is not much major support to stop the price from drifting lower.
Short term can expect the price to fall further towards $1.50 then $1.45.
(trade base on your own decision)


Olam Intl - 17th January 2016

Olam Intl has broken down the critical support level at $1.68 on 15th January and close lower at $1.665. This is rather bearish. the current price is staying below both 14SMA & 25SMA lines and may see further weakness for the price to head lower.

Also both MACD & RSI are pointing downwards which may be a tell tale sign that the price may continue to trend lower.

From the chart we can see that there is not much major support to stop the price to fall from $1.665 to $1.46 that was tested in Jan 2014.

Short term wise STI market is gearing more towards down side / bearish mode and it may be possible for Olam Intl to re-test the low of $1.46 again.
(trade base on your own decision)