20 Jul '12, 6am

Stock Pick – Wilmar

11 May 2012. Wilmar closed at 4.14. We discussed the possibility of having a Bearish 5-0 pattern with a target price of 3.34 – 3.63. 12 Jun 2012. We reviewed on Wilmar. It closed at 3.41. Look good with bullish MACD crossover, put a protective stop loss. 14 Jun 2012. Wilmar hit a low of 3.37 are rebound back to 3.80. 25 Jun 2012 onwards. Wilmar range bounded between 3.49 – 3.80. The range bound pattern is clearly reflected on the point and figure chart. Based on the point and figure chart: - A congestion is going on. On theory, A move above 3.82 may indicates the possibility of further upside; whereas a move below 3.510 may indicates the possibility of further downside . - The last known signal is a bullish signal, with the price objective of 3…. Read the full article → If you enjoyed this article, get email updates (it's free). Related posts:Stock Chart: Wilmar! Stock Cha...

Full article: http://thefinance.sg/2012/07/20/stock-pick-wilmar/

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