A humble student of the STI market. Disclaimer: The postings on this blog are personal views and are in no way an inducement to buy or sell. Before acting on any information on this blog, you are advised to consult your professional advisors.
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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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