Listed since 11 February 2005 on SGX Mainboard, Olam International Limited provides supply chain solutions to global companies such as Kraft, Cadbury, Mars and Nestle. The Group sources agricultural products and food ingredients for customers spread all around the globe.
Technically, the breakout from the 1.50-1.54 region, which happens to the 61.8% retracement from low of 1.18 to high of 1.77, send Olam rocketi
ng upwards. From trend channels of its rsi, price has higher probablilty of consolidating at the 1.50-1.54 region before breaking through to the 1.60s region convincingly. Notice the 1.40 level, which is where the 50 MA lies. It would provide significant support for any adverse movement south.
Technically, the breakout from the 1.50-1.54 region, which happens to the 61.8% retracement from low of 1.18 to high of 1.77, send Olam rocketi
ng upwards. From trend channels of its rsi, price has higher probablilty of consolidating at the 1.50-1.54 region before breaking through to the 1.60s region convincingly. Notice the 1.40 level, which is where the 50 MA lies. It would provide significant support for any adverse movement south. 
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