Thursday, November 22, 2012

Olam Muddy Waters Saga In Chart Format as at 22nd Nov 2012 12.48 pm

The current Olam Muddy Waters Saga will probably see range trading between the blue immediate support zone and the red immediate resistance zone.  A breakout above the red zone will meet the next potential resistance zone indicated by the green rectangle box.

Take note that if there is a failure to move above the red zone and if the blue zone support does not hold an imminent slide between the blue dotted channel will be triggered.

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