On Friday, Wilmar re-test the support at $3.41 and closed at $3.49 with HIGH volume of 17.35 million shares traded.

During the past 10 bars, there have been 2 white candles and 6 black candles for a net of 4 black candles.  During the past 50 bars, there have been 16 white candles and 31 black candles for a net of 15 black candles.

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

Important Resistance of Wilmar: $3.77

Immediate Support of Wilmar: $3.41

Currently prices are well below 20/50/100/200 days MA.

For the past 4 trading sessions, prices have been well supported at the support at $3.41 as the selling has eased.

The support at $3.41 is expected to be strong.

We would not suggest buying Wilmar due to its bearish trend. However if really interested, do consider to ...