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Olam – higher low seen but..

Olam, although formed a higher low, which is a bullish sign, it is now in overbought region. Which means there is a possibility that profit taking could be expected. Over the last 3 weeks, Olam has been trying to go higher, but the candles have small body. Could it be a slow but steady or it is just weak? One would have to watch the support and resistance line.

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