Olam looks to have found the bottom after it's recent selldown from 2.76.
I picked some up at 2.35 a couple of weeks ago before it got hit again slightly. It retested 2.30 which held firmly and has since crossed 2.35 and even tested 2.39 today. It has closed above the 100ma and is facing resistance at 2.39 the upper bollinger band. A break up will see 2.45.
Supposedly, there are banks buying up it's stock after one of the fund houses sold off their holdings which led to the fierce selldown.
On the weekly chart, we actually see 14,20week ema and 200wma rather flat at 2.39. A break will look to 2.48/9 which is the 50wma
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