Olam closed at 2.91 today, currently supported at 2.85 (20d EMA), follow by 2.76 (Uptrend support line), 2.66 and 2.60. Main resistance at 3.13.
MACD is currently showing a potential bearish divergence, stochastic shows sign and turning down, so is RSI. As for candlestick it is showing a reversal signal.
With the wekaness of current market, I decided to short this counter.
Shorted at 2.93 this afternoon.
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