Wilmar #07

Wilmar Daily chart updated till October 22, 2013.

My father just asked me, "how's Wilmar?"

I said, "it hit a high of S$3.51 just now."

He said, "wow."

I said, "no need to wow, let me show you the chart of Wilmar."

So, I showed him the chart posted above.

I am holding Wilmar long-term, and, if I have nothing to buy, I will hold it until I see my price target (to take profit).

By the way, the 50-day moving average (in blue) has yet to cut above the 100-day moving average (in grey). If Wilmar is able to hold on to its gain today, we will probably see that cut at the end of the session.


Further note:

I was just showing my father what happened when the 50-day MA (Moving Average) cut above the 100-day MA, and when BOTH the 50-day MA and the 100-day MA cut above the 200-day MA.