Chart Source: Poemsview 14th Aug 2018
Wilmar posted a surprising set of results yesterday after the bell. Wilmar’s results can be viewed HERE.
The reuslts caused Wilmar to swing up hitting our targets and nearing our $3.31 target too.
Of course our EXCLUSIVE CLIENTS were alerted earlier of this analysis back in end July.
As of now $3.30-3.31 might be the resistance and Wilmar might take a breather before staging its next leg. From the chart, Wilmar usually consolidates before moving so we’re looking for that.
Wilmar is also currently above its 200ma which is a positive sign in such a market. A break below that might negate our positive sentiments.
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