CFD Trading – Buy Wilmar (F34.SGX) @ $4.40. Stop @ $4.29 and Target @ $4.60.

Wilmar Intl Stock Code F34.SGX


Price broke above the cloud in the previous trading session in the form of a strong white candlestick. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish with both its lines above the zero line. MACD is moving higher and hinting of a bullish price trend. We are expecting price to be supported by the cloud and a rally to follow, to the next resistance level at $4.60 in the next 2-3 weeks.


$4.40                 Buy

$4.60                 Price Target

$4.29                 Risk Management Stop

3 weeks Trade Duration

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