I don't provide daily commentary of stock movements. But, yesterday, Wilmar made a complete turn-around and lost 10 cents to close at S$3.52--totally took away all the gains achieved in the previous session, plus some more.
As seen from the chart, Wilmar closed EXACTLY on the short-term support line (in green) yesterday. Wilmar HAS TO close in the positive territory today in order to continue its march to higher grounds; otherwise, we may see Wilmar testing the 50-day moving average (in blue) currently with a value of S$3.3686.
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