Wilmar Intl Stock Code F34.SGX
Outlook
Price reached a high of $4.29 on 4 April 2023 and went into a corrective decline. The decline was halted by the Base line above the cloud, keeping the uptrend intact. Conversion line and Base line remains a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD is bullish and is hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $4.29 in the next 2-3 weeks.
Strategy
$4.15 Buy
$4.29 Price Target
$4.05 Risk Management Stop
3 weeks Trade Duration
