Wilmar – [ Why It Could Move Higher ]

16th February, 2022, 7:50 PM

Wilmar – [ Why It Could Move Higher ]

Chart source: AdvisorXs 16th Feb 2022

Wilmar has seen a move of  7% in just over a week since our alert to our clients. It was Wilmar’s turn to shine as inflation brings a rise in commodity prices and in turn commodity related counters. It is currently at some resistance of around $4.76 and a pullback is healthy. The lower end of this pullback might be around $4.55 before we see another push up.  The next upside resistance we might see is around $4.97.

In order to hold your trade longer at a fraction of the cost, a trader can utilize CFD to give his  or her trading a BOOST!

A reason why Wilmar might continue to see its price trend higher is that it had a long consolidation ever since October hovering around the $4 to $4.40 price range. It has now broken above this resistance and might be challenging the $5 mark in the coming weeks. Also, with inflation , commodity counters tend to perform well too.

As the year starts, fund managers are also looking to load up on quality blue chip to ride this inflation environment.

If you’re keen to know how to free up your capital and to trade on a lower capital,  then do join us in our upcoming WEBINAR where we’ll show you how to hold on to your winning trades in order to ride the trend!

Date: 17th feb

Time 8-9pm

Register HERE! 

To be a client to receive such awesome trade alerts CLICK HERE! 



Kelwin & Roy

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