On Thursday, Wilmar re-test the resistance at $5.25 and closed at $5.16 with HIGH volume of 14.1 million shares traded.

A white candle sticks with long upper shadow affirms to profit taking as investors sell when prices reach the critical resistance.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Wilmar: $5.25

Immediate Support of Wilmar: $5.03

Currently prices are resisted by 20 days MA at $5.25

Since Nov 2010, prices have fallen from $6.88 to the low of $4.99 and yet to spot a decent rebound from the support.

Wilmar is very bearish now regardless of whatever fundamental that the company has.

Do not encourage to enter this stock now, at least wait for $5.25 resistance to be broken. (Prices re-test $5.25 resistance with high volume today but failed)

On Thursday, Biosensors re-test the support ...