Olam – [ Two Hits In Two Months,Looking Good? ]
One of the rare few blue chip counters that is up today and we’re glad we managed to catch it. In fact we caught Olam a couple of times in the last few months as there was more activity in this counter. From the chart, it has reversed from its short term downtrend and closed above its 20ema. Volume has increased and its a bullish candle which is positive to us.
The current resistance is around $1.71 and breaking that might see more upside to $1.80.
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Yours
Humbly
Kelwin&Roy
