I recently took a small position in this company after having missed a good entry at 3.40 some months back......... Read this article here If you understand the Chinese food culture, you would then know that cooking oil is a necessary ingredient in many cuisines. What's not to like, it has a reputable brand name that many households are using (another sticky...
1. Recent pull back is a great discount. 2. TP 4.64 aggresive can consider 4.75 (covering gap)
Wilmar resumed its uptrend LT in July 2019. Multiple buy signals MT and ST were issued on 270720 and 250920 @$4.41-$4.46 PIVOT : $4.54 Buy at the break and hold above $4.54 Target ATH of $7.29 Stop Loss $4.36 A break of $4.36 will negate the ST buy signal and test $4.04
Wilamr gapped down a hefty 10% after a major shareholder announced that it was planning to pare it's stake amounting to about 2.68% of the issued share capital (a large sum of about $500m). It traded as low as 4.31 before rebouding a little to about 4.37 now. There are a confluence of 3 supports between 4.35-4.38 region (a horizontal support, trendline support...
Price is facing bearish pressure where we could see a further drop below this level.
1. Trend Analysis Trading range to breakout higher in channel 2. Indicator Analysis Above 200 daily SMA now turned support ( Bullish ) Sell signal from MACD with support of negative momentum from stoch (bearish) High volume coupled with previous gap down(bearish) 3. Candlestick Analysis NA 4. Pattern Analysis -> ABCD pattern could be present if uptrend channel...
Completed a rounding bottom pattern. Breakout with volume. Potential Rounding bottom first target 5.3
Price is testing our resistance in line with our 61.8% extension and 78.6% retracement where we could see a reversal below this level to our take profit target.
Price is facing bearish pressure from our resistance in line with our 127.2% fibonacci retracement and fibonacci extension and a re-test of our sell entry could present a good opportunity for a short.
Nice cup and handle or Bullish Pennant being formed. Wait for upside breakout. Disclaimer: Not an advice to buy or sell.
stock is on an uptrend and with 1Q earnings reporting robust revenue growth, likely to continue upwards trend. It has also breach resistance line @ 3.60. Potential to long @ entry $3.67 with stop-loss @3.59 below new support line and profit-taking @ 4.05
The strong sell down March 2020 has confirmed the bearish impulse of the 5 wave structure. Based on the Technical, we believe that the stock bullish correction is coming to an end: 1. Rising wedge formation below 50% Fibonacci retracement level indicate a strong signal to sell. 2. Evening star formation below the 50% Fibonacci retracement level indicate the...
Hey everyone, here's the analysis on Wilmar, if you found this insightful, please like and leave a comment on ideas you would like to see next! Summary: As illustrated by the yellow dotted lines, I am expecting a drop in current price to zone 2 at the 3.22 area highlighted in green, before moving higher to our resistance zone between 3.73 - 3.81. Action: Buy...
with the rise in Palm Oil futures, Wilmar is likely to follow suit.
Stock Wilmar international trading in tight channel range from 3.00 to 3.30. As per price pattern and candlestick analysis stock can side further to test level of 3.00 where lower end of channel act as support . Closing below 3.00 with volume can open down side in stock.