I bought shares of Wilmar's towards the end of the day at $3.28 a share as I observed what I thought to be weaker selling pressure on the part of Mr. Market. There seems to be a reluctance to sell at lower prices and we see hints of this in the chart. We see the MACD higher as share price made a lower low. This suggests that negative momentum has weakened. The CMF, a momentum oscillator that measures money flow, is also encouraging as it has moved into positive territory. The candlestick formed today resembles a hammer and this is a bullish reversal signal. Of course, it needs confirmation in the next session. In case of a continuing decline in share price, I see the next support level at $3.23. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, ......