Anyone investing in Wilmar for the longer term would be encouraged by the counter's weekly chart.
Even as share price continues its basing process which has been going on for months, Chaikin Money Flow (CMF) shows that the outflow of funds has ceased. With bearish pressure dissipated, any positive news could send share price up quite abruptly.
Bollinger bands are also constricting to a point where we could expect a violent movement in share price. So, which way? Up or down? Based on the CMF, dare I hazard a guess? I would guess "up".
This could simply be a rebound if it should happen, a rebound which could see price capped by the declining 50w MA which is currently at ...
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