Shares & Derivatives
Stock Chart: Wilmar, Biosensors!
By Dou  •  December 19, 2010
On Friday, Wilmar re-test the resistance at $6.01 and closed at $6.01 with HIGH volume of 8.75 million shares traded. A big white candle occurred.  This is generally considered bullish, as prices closed significantly higher than they opened.  If the candle appears when prices are “low,” it may be the first sign of a bottom.  If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Both RSI & MACD are bullish as MACD perform a “golden cross” on Friday. Important Resistance of Wilmar: $6.01 Immediate Support of Wilmar: $5.91 Currently prices are resisted by 20 days MA at $6.01 In this time, we announce that it is important to watch Wilmar in the coming week for any possible breakout of ......
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By Dou
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