Shares & Derivatives
Stock Chart: Wilmar, OCBC!
By Dou  •  November 29, 2011

On Tuesday, Wilmar trend upwards and closed at $5.03 with LOW volume of 6.01 million shares traded.

A dark cloud occurred (which indicates that prices moved up strongly on the previous bar, opened higher, but then closed significantly lower).  This implies weakness as the momentum appears to be shifting from the bulls to the bears.  Note that the lower the close of the black candle (relative to the white candle), the more bearish the dark cloud pattern.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of Wilmar: $5.17

Immediate Support of Wilmar: $4.98

Currently prices resisted by 50 days MA at $5.17

On 25/Nov, prices re-test the critical support at $4.98 but managed to rebound off this level.

The support at $4.98 is expected to be very strong.

Can consider buying at $4.98 support if interested ...

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By Dou
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