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Stock Pick – Wilmar
By Stock Market  •  July 20, 2012
11 May 2012.  Wilmar closed at 4.14.  We discussed the possibility of having a Bearish 5-0 pattern with a target price of 3.34 - 3.63.12 Jun 2012.  We reviewed on Wilmar. It closed at 3.41. Look good with bullish MACD crossover, put a protective stop loss.
14 Jun 2012.  Wilmar hit a low of 3.37 are rebound back to 3.80.
25 Jun 2012 onwards.  Wilmar range bounded between 3.49 - 3.80.  The range bound pattern is clearly reflected on the point and figure chart.

Based on the point and figure chart:
- A congestion is going on. On theory, A move above 3.82 may indicates the possibility of further upside; whereas a move below 3.510 may indicates the possibility of further downside.
- The last known signal is a bullish signal, with the price objective of 3....
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