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Wilmar 6-year support: what do you make of this pattern?

  1. Wilmar Intl [F34.SI] rebounded from 6-year support twice in 2017.
  2. Printed new 52-week highs in 2016 and 2017.
  3. Quarter to quarter down trend.
  4. First week of 2018 bullish expansion engulfed last 6 weeks price action of 2017.
  5. Month to month bullish expansion pending close.
Wilmar monthly chart mid-2010 to present

Wilmar monthly chart mid-2010 to present

Wilmar weekly chart 2012 to present

Wilmar weekly chart 2012 to present

Wilmar is a component stock of the Straits Times Index.

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Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.

“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.

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