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STI - WILMAR INTL F34 ANALYSIS

Writer's picture: jeremy chojeremy cho

Wilmar is on a long term uptrend. Broke out on 12 May 2020 and is now defending $4.35 on a daily charts. On the shorter term its has broken below cloud support with may show further weakness (Purple Zone). Buy on the close above $4.65 for a continued uptrend.

Otherwise, the shorts will try to bring it down to $4.20 and may test $3.60 in the short term.


Bottom line. Wait for the correction to complete in the short term. Buy only on an upside close above S4.65 to ride the longer term trend upwards. DO NOT TRY TO PICK BOTTOMS.



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