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Wednesday 30 May 2012

Olam update


Olam supported by the red downtrend line... Still looks pretty bearish to me.
However, MACD histo is turning up so we might get a proper reversal soon.

Not vested.

After getting hit badly by Wilmar, I'm pretty much sidelined until I can make out what the market wants to do. Right now, I'm still of the opinion that it is consolidating in range before a big move up or down. I'm favouring another leg down (65% chance)

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