As indicated on the chart, the red resistance line is a strong one. If and when Wilmar is able to break above this red resistance line, we will see Wilmar marching much higher.
Also note that the 50-day moving average (in blue) is about to cut above the 200-day moving average (in red). I believe this will occur at the same time when Wilmar make a push to break above the red resistance line.
Personally, I do expect both the 50-day (in blue) and the 100-day (in grey) moving averages to ultimately cut above the 200-day moving average (in red) and we shall see Wilmar moving much much higher...as I had said here.
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