Monday, January 25, 2010

Olam Inverted Hammer Stalls Triple Top Confirmation



A break down below the light blue support zone will confirm the pink triple top formation. Any rebound here will probably be blocked by the immediate gap resistance at 2.57 or the light green 100 days simple moving average line.

If the inverted hammer is unable to halt the decline and the brown 200 days simple moving average cannot arrest the run away bear expect price to fall towards 2.05 the projected measured move from the the triple top break down.

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