As seen from the chart, the 50-day moving average (in blue) is now a support, and, Wilmar is now trading above the 3 moving averages.
The 100-day moving average (in grey) is now also above the 200-day moving average (in red). Hence, the 50-day MA is now above the 100-day MA, and the 100-day MA is above the 200-day MA--this is how the MAs should be behaving in an Uptrend stock.
The MACD has also made a cut to the upside and the Stochastic continues to move higher.
I would be surprised if Wilmar does not much MUCH HIGHER from here.
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