As seen from the Monthly chart, when the 10-month moving average (in blue) is above the 12-month moving average (in red), the share price of Wilmar is more likely to move higher. Conversely, when the 10-month MA is below the 12-month MA, the share price is more likely to move lower.
I have blown up the Monthly chart,
As seen from the chart, Wilmar is now above the 10-month MA but below the 12-month MA when it closed at S$3.38 yesterday, November 8, 2013.
For Wilmar to begin a long-term Uptrend, the 10-month MA has to cut above the 12-month MA.
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