Wilmar Stock Code F34.SGX
Outlook
Price broke below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish price trend. MACD is turning bearish with both lines about to cross below the zero line. We think price is likely to move lower to the next price support at $3.83 in the next 2-3 weeks.
Strategy
$3.98 Sell
$3.83 Price Target
$4.07 Risk Management Stop
3 weeks Trade Duration
