CFD Trading – Buy Wilmar Intl (F34.SGX) @ $4.45. Stop @ $4.31 and Target @ $4.65.

Wilmar Intl Stock Code F34.SGX

Outlook

Price broke above the resistance line two days ago and could be heading to the next resistance point at S$4.65.  Conversion and Base line had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud at the moment. The MACD has a bullish crossover in the bullish zone and is hinting at a bullish price trend. We see the price moving up to the previous high at $4.65 in the next 2-3 weeks.

Strategy

$4.45                 Buy

$4.65                 Price Target

$4.31                 Risk Management Stop

3 weeks Trade Duration

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