CFD Trading – Buy Wilmar Intl (F34.SGX) @ $4.40. Stop @ $4.27 and Target @ $4.74.

Price closed yesterday above the cloud. This could be the start of a new uptrend for price. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend ahead. MACD is bullish and there was bullish crossover earlier. We think price is likely to move higher to test the previous high at $4.74.

$4.40               Buy
$4.74                 Price Target
$4.27                 Risk Management Stop
3 weeks            Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.