Sunday, 18 November 2018
The True Picture of Olam International, reflection of Global Commodities Market: 18 November 2018, Sunday, 11.30am Singapore Time
The True Picture of Olam International, reflection of Global Commodities Market:
18 November 2018, Sunday, 11.30am Singapore Time
Today, I am going to point out certain facts (Universal Truths) about Olam:
1. As reiterated, 1st half of the bull market runs from 2008-2018 and 2nd half of bull market runs from 2018-2028.
2. Olam has consolidated in a large symmetrical triangle during the first half of the bull market from 2008 to 2018, and 2nd half of the bull market is where majority gains are to be made.
3. Olam is on SuperCycle support right now. It is expected to follow either trajectory path 1 in green or path 2 in red. Path 2 represents a fake breakdown followed by real breakup, while Path 1 is a more simple rebound and breakup.
4. As 2018 has caused sentiments among retailers and ignorant fools to be bearish beyond doubt among them, 2018 has now proven to be a mid point of the 2008-2028 secular term bull market. This is in sync with secular economic cycles which I had taught all along in 2018.