As seen from the chart, we had a Huge Volume Day on June 21, 2013, when Wilmar hit a high of S$3.38 with a volume of 44 million shares changing hands.
In my view, S$3.38 has now turned, from being a resistance, into a very strong Support. Hence, for Wilmar to continue to move higher from here, S$3.38 HAS TO HOLD.
And, as Wilmar is still trading above the 3 moving averages, I am biased to the Upside.
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