WILMAR INTL Stock Code F34.SGX
Outlook
Price broke and closed above the cloud, turning the chart outlook bullish. There is a bullish conversion and base lines crossover that hints at potential reversal ahead. MACD is bullish and is rising. These could increase chances of the stock price moving higher.
Strategy
S$3.14 Buy
S$3.35 Price Target
S$3.09 Risk Management Stop
3 weeks Trade Duration
WILMAR INTL Stock Code F34.SGX
Outlook
Price is trading below the cloud, keeping the downtrend intact. Conversion and base lines remain in a bearish crossover that hints at more downside ahead. MACD is bearish and is moving lower after a bearish crossover. We are likely to see price breaking its recent low to move lower.
Strategy
S$3.33 Sell
S$3.08 Price Target
S$3.42 Risk Management Stop
3 weeks Trade Duration
WILMAR INTL Stock Code F34.SGX
Outlook
Price managed to stay above the base line which is acting as support at the moment. Conversion and base lines remain in a bullish crossover that hints at potential upside ahead. MACD remains bullish with both of the lines above the zero line. These could increase chances of the stock price moving higher.
Strategy
$3.70 Buy
$3.90 Price Target
$3.62 Risk Management Stop
3 weeks Trade Duration
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
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
