Singapore Palm Oil Stocks

Wilmar – Updates On China’s Listing, Price Started To Move Up, Next Resistance?

Kelwin & Roy Wilmar , , , , , , , , , , ,
28th July, 2020, 6:53 PM

Wilmar – Updates On China’s Listing, Price Started To Move Up, Next Resistance?Wilmar 28th July 2020

Chart Source: :poemsview 28th july 2020

Wilmar continued its move up today partly because of some updates released regarding its China’s IPO. More about the updates can be read HERE. From our previous post, we mentioned that Wilmar might see a move up to $4.46 which is our second target. We’re glad it hit it which gave us a nice 5% upside in less than a month.

The volume traded for Wilmar is higher than the last few weeks and if Wilmar manages to stay above $4.46 we might see it move higher in the coming weeks. We’re looking at around $4.59 in which you’ll have to zoom out of the chart in order to see it. If Wilmar break below that uptrend line our upside target might not hold.

Stay alert and let’s watch!

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Wilmar – [ Running Ahead Of Its Results? ]

Kelwin & Roy Wilmar , , , , , , , , ,
8th November, 2018, 3:20 PM

Wilmar – [ Running Ahead Of Its Results? ]Wilmar 8th Nov 2018

Chart Source: Poemsview 8th Nov 2018

Wilmar has been up over 6% since we spotted it just 2 weeks back. It might have risen due to an expectation of a good set of results on 12th Nov after market hours.

Questions now is, has Wilmar ran ahead of its results?

Since it has risen from its base of around $3 to $3.22 a good set of results is expected also, its forward guidance also probably has to be positive.  If results are not up to market expectation we might see Wilmar getting sold off. So do be vigilant around this period.

Our next possible target of Wilmar might be$3.25 as it has hit our $3.20 target.

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First Resources – [ First Thing To Look Out For]

Kelwin & Roy First Resources , , , , , , , ,
7th November, 2018, 8:33 AM

First Resources – [ First Thing To Look Out For] First Resources 7th Nov 2018

Chart Source: Poemsview 7th Nov 2018

First Resources a palm oil related stock seems to have formed a nice base at around $1.53. But first things first it’s always good to check out their results before entering as its results season.

We have mentioned a few things that they might be some potential dangers in entering a stock nearing results. As results could send a stock gapping up or down which we wouldn’t want to be caught in. As market expectation for results can be differing or a forward guidance could be dim these could spell disaster for a stock. So do take note of that.

As for First Resources, its results is usually released around 2-3 week of Nov. So we’ll have to bear that in mind.

Currently, First Resources seems resisted at $1.59 which is also the 20ema. Breaking above that might see further upside.

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