Wilmar – [ Sitting On Support, Will It Break? ]

23rd May, 2019, 7:42 AM

Wilmar – [ Sitting On Support, Will It Break? ]Wilmar 23rd May 2019

Chart Source:Poemsview 23rd May 2019

Wilmar reported a good set of results in its recent earnings release which surprisingly didn’t see its price move up much. Could the recent run up in priced in the the results? That might be a possibility. As for now Wilmar sits on our uptrend line support but in a long while has closed below the 50ema.

This might spell trouble for Wilmar if it breaks that uptrend line and closes below it.

We’re watching this closely for a short opportunity.

Is it critical to have a trade plan which includes the entry price, stop loss, profit target in order to ensure that your trade is of good quality. With that then will a trader have confident in entering a trade.

Want to know more about Wilmar? Drop us a message and we’ll be glad to discuss more.

Yours

Humbly

Kelwin&Roy

 

Wilmar – [ Take Profit Before Profit Taking? ]

4th February, 2019, 12:03 PM

Wilmar – [ Take Profit Before Profit Taking? ]Wilmar 4th Feb 2019

Chart Source: Poemsview 4th Feb 2019

Wilmar part of the STI component and one of the few Palm oil related counters in Singapore reached our first resistance of $3.35 last thursday. It couldn’t break through that and succumbed to some profit taking.

It is important to know where the support and resistance for stocks so that a trader and plan and prepare before proceeding to enter a trade.

Our EXCLUSIVE CLIENTS were informed of that so they could PLAN, PREPARE and PROCEED knowing full well their stops and targets.

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Yours

Humbly

Kelwin&Roy