On Wednesday, Wilmar re-tests the resistance at $3.15 and closed at $3.13 with LOW volume of 12.24 million shares traded.
Both RSI & MACD are flat as RSI trend sideways.
Important Resistance of Wilmar: $3.15
Immediate Support of Wilmar: $3.00
Currently prices are resisted by 20/50 days MA at $3.15.
Since 15/Aug, Wilmar has been consolidating between the key support at $3 and key resistance at $3.15.
The support at $3.00 is expected to be strong.
We would suggest buying near the support of $3/$3.06 if interested in Wilmar since the selling has clearly eased with prices go into sideways.
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