Chart source: Poemsview 16th July 2020
Wilmar part of the STI component stock saw a nice push up yesterday in the late afternoon. It closed up 2.1% which also nicely met our first upside target of $4.34. It was just a week back when we saw Wilmar being supported by the 5ema which we then alerted our EXCLUSIVE CLIENTS.
The listing of ts subsidiary could be one factor for this upside and another could be the general positive sentiment through the overall market. More of Wilmar’s China IPO can be read here.
It also saw an increase in volume today too which might support the price to the next upside $4.38 and might even push it higher to our second target of $4.46.
Stay alert and let’s watch!
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