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, …