Jul 12-15, TA for Wilmar

Jul 12, TA for Wilmar

• Trend - Side -> Up trend
• Momentum - Overbought
• Resistance - 5.75 (Resistance turn Support - Bullish signal)
• Support - 5.50
• Volume - 2x (bullish sign)
• Candlestick - 1x white soldier formation.

TA for Wilmar - very good run and finally break the 5.50 resistance 6th times line with 2x volume. You will need to compute your risk/reward ratio. Personally, I will wait until it comes back to 5.50. In general, all commodity stocks are trending upward. Do watch out for GoldenAgri (Good fundamental, trading at resistance 0.705) and IndoAgri (* now trading at resistance line).