On Wednesday, Wilmar broke the support at $4.79 and closed at $4.70 with HIGH volume of 9.41 million shares traded.

A big black candle occurred.  This is bearish, as prices closed significantly lower than they opened. If the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

During the past 10 bars, there have been 5 white candles and 4 black candles for a net of 1 white candles.  During the past 50 bars, there have been 15 white candles and 29 black candles for a net of 14 black candles.

Both RSI & MACD are bearish as MACD perform a “death cross”

Important Resistance of Wilmar: $4.79

Immediate Support of Wilmar: $4.45

Currently prices are resisted by 20/50 days MA at $4.79

Today Wilmar have broken the critical support at ...