Wilmar (5 Sept. It closed at 3.11) On 6 Sept, we discussed two harmonic pattern setup. Path 1: Couldn't point the exact location of B1 yet, but it is within the range of 2.940 - 3.110. The truth is that upon Wilmar crossing above 3.200, i would have a better idea on its location. As mentioned on 27 July, a move below 3.10 will see support level of 2.940 - 3.000. Look out for any possible reversal bar/pattern within the range of 2.940 - 3.110 Path 2: It is rather linked to Path 1. A move below 2.940 will the possibility of testing 2.840 and below. Did you know that HSBC adjusted its target price downward from 2.900 to 2.830 on 5 Sept?
Remarks: On 13 Sept 2012, Wilmar closed at 3.000
Noble Group (5 ......