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
