As seen from the chart, the 50-day moving average (in blue) has made a cut above the 100-day moving average (in grey).
Wilmar hit a high of S$3.51 on Wednesday, October 23, 2013. Hence, to see Wilmar moving higher, it first need to break above S$3.51. There is also another resistance at S$3.55 which I had mentioned at the TPG Forum.
I am beginning to sound like a broken record, but, we REALLY need to see the rise in Wilmar's share price being accompanied by HUGE VOLUME.
I hope to see a volume of 30 million shares soon.
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