I have said that, for Wilmar to move higher, it has to, first, break and close above the 50-day moving average (in blue).
As seen from the chart, Wilmar has broken and closed above the 50-day moving average since September 11, 2013.
Right now, as indicated by the blue arrow on the chart, the 50-day moving average has started to turn up--this is a sign that Wilmar is more likely to continue to move higher.
The next step is for Wilmar to break above the 200-day moving average (in red).
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