On Friday, Wilmar re-test the critical support at $4.97 and closed at $5 with HIGH volume of 7.04 million shares traded.
A black candle sticks with short lower shadow affirms that investors have little hesitant in selling the stock lower.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of Wilmar: $5.18
Immediate Support of Wilmar: $4.97
Currently prices resisted by 20/50 days MA.
Since 10/Nov, prices have been consolidation between the key support at $4.97 and key resistance at $5.32.
The support at $4.97 is expected to be very strong.
Can buy little if interested but on Thursday/Friday, there have been selling pressure trying to push prices below this critical support. Thus prepare to cut loss once $4.97 support breached with high volume.
On Friday, Kepland trend aimlessly and closed at $2.26 with LOW volume of 2....
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