On Friday, Wilmar re-test the resistance at $5.48 and closed at $5.47 with HIGH volume of 16.56 million shares traded.
A long white candle sticks with short upper shadow indicates that investors are bullish and buying up the stocks in huge volume.
Both RSI & MACD are bullish as RSI perform a sharp tick upwards.
Important Resistance of Wilmar: $5.48
Immediate Support of Wilmar: $5.25
Currently prices are supported by 20 days MA
Although Wilmar shown a strong rebound on 18/Feb, however it will be considered as trending under the falling line as long as it does not break the critical resistance at $5.48.
Watch for any further breakout on $5.48 resistance to signal reversal in the coming week if interested.
On Friday, Yangzijiang re-test the support at $1.89 and closed at $1.90 with LOW volume of 14.01 million shares ...
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