Tuesday, February 16, 2016

Wilmar: A Clear Breakout seen above 3.00 as mentioned yesterday, Where to now? Price 3.12

Where should we take profit?

Sent: Monday, 15 February, 2016 3:34 PM
Subject: ****************** Wilmar: Potential Upside above 3.00 now.... In watchlist... price 3.03
We are seeing a breakout above the 3.00 psychological resistance level for Wilmar today with above average volume after trading below for more than 3 months. This can open the way to more strength with a close above 3.00 now. 20 day MA reversing upwards with MACD also just crossing above the zero mark which can signal some momentum. Let’s see if it holds above 3.00 over the next few days, target to 3.15 then 3.20. Stop loss at 2.97 for any long positions.

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