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

On Thursday, Wilmar re-test the critical support at $4.97 and closed at $5 with LOW volume of 2.59 million shares traded.

A doji star occurred (where a doji gaps above or below the previous candle).  This often signals a reversal with confirmation occurring on the next bar.

Both RSI & MACD are flat as MACD lines are converge closely together.

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.

Although the support at $4.97 has been broken once on 19/Dec but prices managed to recover shortly after that.

Consider buying at $4.97 support if interested. However we would like to warn that prices are forming a lower high and lower low since Nov 11 and this ...

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By Dou
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