Olam Retraced to 50% Fib Support

STI dropped to 3000 support level and managed to bouncing up now, 3011.09 -13.98( 1150am). The overal uptrend trend is still intact for STI. Cheap stocks getting quiet from hot over past few days. I'm still prefer to trade my favorite blue chips after all. The cheap ones are more exicting when it up, but very painful too when it down or sideway( as I'm trading for short term most of the time).

Olam is trading at its 50% fib support level 2.42 after past nine trading days retracement. It's now 2.41,-2c (12pm).