Olam

There’s little standing in the way of its price going back to test the June 2012 low of 1.52, & if it breaks that & doesn’t quickly recover, maybe Carson Block is right after all by valuing it at liquidation “nuisance”. 1.48 is the 23.6% fib extension so probably some volatility about there before its next move… its a long way down to “nuisance” from here. Any positive news flow should let it move back towards 1.80 near the 50DMA & short term I believe this will be so.

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