On Monday, Wilmar re-tests the resistance at $3.17 and closed at $3.15 with HIGH volume of 10.67 million shares traded.
Both RSI & MACD are flat as RSI trend sideways.
Important Resistance of Wilmar: $3.17
Immediate Support of Wilmar: $3.09
Currently prices are resisted by 20 days MA at $3.17
Prices tried to break the resistance at $3.17 with high buying pressure today but failed. This affirms that bulls are trying to break out for this resistance
The support at $3.09 is expected to be strong.
Since 25/Jun, prices have been consolidating between the support at $3.09 and resistance at $3.17. We would suggest buying near the $3.09 support if possible.
Stock Chart: Wilmar! is contributed by : Singapore Stock Information Exchange