CFD Trading – Sell Wilmar (F34.SGX) @ $4.20. Stop @ $4.33 and Target @ $4.00

Wilmar Intl. Stock Code F34.SGX

Two days ago, price broke below a recent low at $4.22 and this could be the first hint of a resumption of a decline to the previous low at $4.00. Price is currently capped by the Base line below the cloud. Conversion and Base lines had a bearish crossover, confirming the bearish trend. Lagging Span is at price of 26 days ago and is below the cloud at the moment. MACD is bearish and there is a bearish crossover, hinting of a bearish price trend going forward. We think price is likely to decline lower to test the previous low at $4.00.

$4.20                 Sell
$4.00                 Price Target
$4.33                 Risk Management Stop
3 weeks Trade Duration

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