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Stock Chart: Wilmar!
By Dou  •  May 21, 2012

On Monday, Wilmar re-test the support at $3.77 and closed at $3.80 with LOW volume of 5.78 million shares traded.

During the past 10 bars, there have been 2 white candles and 8 black candles for a net of 6 black candles.  During the past 50 bars, there have been 16 white candles and 30 black candles for a net of 14 black candles.

Both RSI & MACD are bearish though RSI already in oversold region.

Important Resistance of Wilmar: $4.45

Immediate Support of Wilmar: $3.77

Currently prices are resisted by 20 days MA at $4.45

For the past 2 trading session, Wilmar has been trying to find the support at $3.77. However the sentiment for this stock remains bearish.

The minor support at $3.77 is NOT expected to be strong.

As Wilmar is currently priced below the 3 years low, ...

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By Dou
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