On Monday, Wilmar re-test the resistance at $3.27 and closed at $3.23 with HIGH volume of 8.34 million shares traded.
Both RSI & MACD are bullish as RSI trend upwards.
Important Resistance of Wilmar: $3.27
Immediate Support of Wilmar: $3.18
Currently prices are well above the 20/50/100/200 days MA.
For the past 3 trading sessions, prices have been trying to break out of the $3.27 resistance but failed.
The resistance at $3.27 is expected to be strong.
We would not suggest buying now as RSI near overbought region and resistance at $3.27 is strong. In fact, we suggest to sell on $3.27 resistance.
Stock Chart: Wilmar! is contributed by : Singapore Stock Information Exchange
