Wilmar – Base Formed

Wilmar – Base Formed wilmar

Wilmar in a range recently for the last month is seeing some upwards movement. A nice base at 3.27 has been formed so that will be our support for now. If it goes below 3.27 then it might start another wave of selling.

It is currently trading above 3.39 but it has to close above that if more upside were to come. Its results will be out on 10th Aug after market hours so do that note of that too. The next possible upside might be 3.48 first.

Wilmar has business in the palm oil sector, sugar and other agriculture business. It is part of the Straits Time Index component stock.

Yours

Humbly

Kelwin&Roy

 

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