CFD Trading – Buy Wilmar (F34.SGX) @ $5.43. Stop @ $5.33 and Target @ $5.64.

Wilmar Stock Code F34.SGX

Outlook
Price reached a high of $5.64 on 19 February 2021 and has gone into a price consolidation since that high. During the correction, price reached a low of $5.23 but had stayed above the cloud, keeping the uptrend intact. The correction has been supported by the upper edge of the cloud with the price lows getting higher as well. Conversion and Base lines had a bullish crossover earlier, hinting of the bullish trend. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD remains bullish after turning up just above the zero line. If price can stay above $5.35, we are expecting price to test $5.64 again.

Strategy                  
$5.43                 Buy
$5.64                 Price Target
$5.33                 Risk Management Stop
3 weeks             Trade Duration

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