On 19 Feb 2013, we discussed about Wilmar with the opinion that a move below 3.580 - 3.600 will see the possibility of a further fullback to 3.350 - 3.400. The closing price of Wilmar on 18 Feb 2013 was 3.650. For the past three trading day, it was mainly ranging between 3.310 - 3.400.
Now it is wait to see which is the possible two paths that may be in play as per our discussion on 26 Feb 2013
Putting everything into perspective, I have the opinion of four possible paths that may be in play:
(1) A move below 3.200 will suggest the possibility of testing 2.300 - 2.410, which may coincide with the Median Line of downtrend Andrew's Pitchfork. A break below the Median Line will suggest further downside. This path may be invalidated when Wilmar breaks ...
...Now it is wait to see which is the possible two paths that may be in play as per our discussion on 26 Feb 2013
Putting everything into perspective, I have the opinion of four possible paths that may be in play:
(1) A move below 3.200 will suggest the possibility of testing 2.300 - 2.410, which may coincide with the Median Line of downtrend Andrew's Pitchfork. A break below the Median Line will suggest further downside. This path may be invalidated when Wilmar breaks ...
