CFD Trading – Buy Wilmar Intl (F34.SGX) @ $4.06. Stop @ $3.94 and Target @ $4.28.

Wilmar Intl Stock Code F34.SGX

Outlook

Price, after reaching a high on 4 April 2023, went into a correction. The correction was supported by the cloud, keeping the uptrend intact. Conversion line and base line remain in a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud at the moment.  MACD is above the zero line and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $4.28.

Strategy                  

$4.06                 Buy

$4.28                 Price Target

$3.94                 Risk Management Stop

3 weeks              Trade Duration

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