Wilmar

On Friday, Wilmar re-tests the resistance at $3.27 and closed at $3.25 with HIGH volume of 44.16 million shares traded.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Wilmar: $3.27

Immediate Support of Wilmar: $3.09

Currently prices are resisted by 20/50 days MA at $3.27/3.30

On Friday, prices tried to break the critical resistance at $3.27/$3.30 with high buying pressure but failed. This affirms on the strong attempts by the bull.

The resistance at $3.27/3.30 is expected to be strong.

We see the opportunity for reversal for Wilmar in the coming week. Do watch for the breach of $3.27/3.30 resistance with high buying pressure if interested.

Stock Chart: Wilmar! is contributed by : Singapore Stock Information Exchange

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