A Bearish Engulging candlestick pattern at the 61.8% Fibonacci Resistance & also the 20D MA Resistance was observed. This is a trend reversal pattern and will send Olam share price to $2.26 followed by $2.00.
Aug
16
Category Archives: Olam
Apr
15
Olam: Testing a Significant Resistance
Olam: is currently Testing a Significant Resistance at about $2.925. This is the 61.8% Fibonacci Retracement Level and also the 200D MA. If Olam clears this resistance with healthy volume, Olam probably will kick start the up trend.
Mar
25
Olam: Potential Reversal !
A Shooting Star candlestick was formed at the 200D MA resistance and 61.8% Fibonacci Resistance. This is a potential reversal pattern. Next support at $2.785 which is the 50% Fibonacci Support.
