Were you informed every STEP OF THE WAY? Come on board and stop missing out…. J
Seems like we are seeing Wilmar trying to cross above the 3.40 as mentioned previously. Any close above 3.42 – 3.44 can be a further confirmation with more volume preferred. Watching…. At least there are some actions finally….
Following up from previous call, we have indeed seen a breakout above the 3.30 resistance level previously and Wilmar has headed to a high at 3.40 before some profit taking seen again. Range would now be from 3.30 to 3.40 with any breakout above 3.40 a further positive with target to 3.50 then 3.60. 20 day MA pointing upwards firmly with prices maintaining above all these while since Jan. Short term uptrend intact above 3.30 now. Those who have taken some profit can consider entry again near 3.30 with stop loss at 3.27. J
Following up from previous call, we have seen Wilmar traded to a new high and approaching the 3.30 resistance level today where we can see some selling pressure again. Seems to be supported above the 3.20 for the past week and still ok above but also good to take some profit and raise stop loss. Any push above 3.30 can pave the way to 3.40 then 3.50 with volume maintaining too. Protect profits please.
From previous call, we have indeed seen Wilmar traded close to the 3.20 resistance before profit taking on a weaker market. It is now back to the 3.00 psychological support level that was originally the resistance it broke out from. Those who have already taken profit near 3.20 can consider accumulating on dips again near 3.00 support as long as it holds with stop loss at 2.97 possible. Range would be from 3.00 to 3.20 now and may rebound from 3.00 new support level. A breakdown below can also see more weakness as it retrace back to 2.80 previous low.