Wednesday, April 19, 2017

Wilmar: Selling down below 3.50 as mentioned... price 3.42

We have seen Wilmar hovered dangerously above the 3.50 support level a few weeks back and a note was sent out.

Indeed the support at 3.50 has broken down few days back and we are seeing renewed selling pressure.

System wise, yes, we did had a bearish signal....

No exits .... PTI grads can check....

Seeing some short covering near 3.40 for now which is normal,  hopefully that holds, if not....

Anyway, arrows drawn on the chart playing out well so far, let’s see if the next down arrow follow through too...

Recent Emails:

Sent: Monday, April 17, 2017 10:12 AM
Subject: ****** Wilmar: Some actions seen below 3.50 not a good thing, price 3.47

Sent: Wednesday, March 22, 2017 9:39 AM
Subject: ****** Wilmar: Back to key support, cautious move below, price 3.54

For illustration purpose only

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