Tag: Wilmar Intl

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

Wilmar Stock Code F34.SGX

Outlook

Price closed at the edge of the cloud and at the point of the Ichimoku V-shaped reversal in the previous trading session. A move above this point would change the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is below the zero line but could be moving above the zero line soon. If price is able to move above the cloud, it could be heading towards the previous resistance high at $4.24 in the next 2-3 weeks.

Strategy                  

$4.08                 Buy

$4.24                 Price Target

$3.98                 Risk Management Stop

3 weeks              Trade Duration

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

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