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Saturday, 16 March 2013

Olam International: 16 March 2013, Saturday, 11.07pm Singapore Time

Olam International: 16 March 2013, Saturday, 11.07pm Singapore Time

The above is a follow-up of all my past Technical Analyses on Olam International, one of the world's largest international commodities company: http://donovan-ang.blogspot.sg/search/label/Olam

As above, Olam is currently in the next wave shorting structure and will resume its next phase of sell-down soon;  based on Technical Analysis, $1.60-$1.67 represents the next entry for shorts according to Donovan Techincal Structure as above. Selling volume has come back after the calm. In life, the calm often precedes the storm.

A breach of $1.365 will further accelerate Olam Descent down the price structure.

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