Tuesday, June 22, 2021

OLAM - Fast Drop in 10 Days

OLAM took 8.5 months to raise from around 1.25 to 1.85 (+0.60)

It took only 10 days for OLAM to drop from a high of 1.85 to 1.62. (-0.23)

Next support will be 1.60 then 1.55


Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

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