Previously, I said that,
"I would be surprised if Wilmar does not much MUCH HIGHER from here."
Well, the share price of Wilmar fell and I am surprised (by it). :D :D
Looking at the chart I posted previously, the 100-day moving average (in grey) did cross above the 200-day moving average (in red).
I am now using a new charting software, and from the chart just posted, it appears that the 100-day MA did not cross above the 200-day MA.
Hence, I have read the chart wrongly, but this is no fault of mine...HAHAHAHAHA
Anyways, I remain bullish on Wilmar and like what I had said at the TPG Forum on January 2, 2014, I do expect Wilmar to post a better-than-expected results for 4Q2013 and FY2013,
Click on image to enlarge...
Right now, as indicated on the chart, I hope to see Wilmar consolidating around the current levels of around S$3.20 and, hopefully, move higher from here.
I do not have a target price for Wilmar and I will just hold on to it, and collect dividends, unless I have something else to buy. I do, however, believe that Wilmar will break above the previous high of S$3.92.
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