Wilmar 6-year support: what do you make of this pattern?
- Wilmar Intl [F34.SI] rebounded from 6-year support twice in 2017.
- Printed new 52-week highs in 2016 and 2017.
- Quarter to quarter down trend.
- First week of 2018 bullish expansion engulfed last 6 weeks price action of 2017.
- Month to month bullish expansion pending close.
Wilmar is a component stock of the Straits Times Index.
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.
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