Saturday, March 29, 2008

Update on Olam 29 March 2008




Olam is a stock in focus. Recent downgrade by Merril Lynch. Friday halted, followed by announcement of rights issue.

Where will this go? Anybody's guess man. I kinda think Olam will drop next week. Moving averages trending down. Will they be resistance levels? HCR noted at 2.50-2.70

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