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Olam – big story of today

Olam nicely fell after the symmetrical triangle breakdown due to “bad” news. Isn’t it a wonder that chart do predict price movement but how it happens, that’s where anything goes?

Currently Olam fell into a classical support and today formed a very high volume and also a very long shadow doji. It means the bulls and bears are fighting each other with a camp stating that it is “cheap”, but the other camp states that it is “overpriced”. Who will win? Just let the market fight it out first before siding with the right camp.

 
Olam




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