Olam has broken up above the 1.80 level today. A key thing to note is that it has Broken above the 200 DAY MA - 1.78 level (Dotted blue line) which can signify a longer term recovery is in place. You can see that it has been trading below the dotted blue line mostly ever since Mar 2011. More upside in the short term if it stays above the 1.80 level. As long as 1.80 holds as the new support, Olam can find a new consolidation above it. Top 30 Volume seen currently.
Stop loss 1.77.
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