Wilmar – [ Running Ahead Of Its Results? ]
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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