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WILMAR may test $7.27 in the long term

Writer: jeremy chojeremy cho

The medium term long signal was issued on 270620 at $4.07 to test $4.92, the breakdown level on 010312. That level has now been broken to the upside with a short term profit taking since 260221 at $5.29 on the day charts.


LONG TERM UPTREND SINCE 010416

MEDIUM TERM UPTREND SINCE 270620

SHORT TERM DOWNTREND SINCE 260221


PIVOT 5.35

Long positions above 5.35 to test 5.55 and 7.27

Short positions below 5.35 to test 4.90 and 4.00



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