Today, I am just going to stray away from the US stocks and briefly discuss about 2 stocks on the Singapore Exchange.
1. Wilmar, in the commodity sector. A darling that has went 3 folds since the lows in 2009. It was also included in the STI Index last year.
2. OCBC. One of the 3 major [...]
Wilmar just had a few bullish signs aligned on the Ichimoku Daily Chart.
Currently, it is trading at 6.56 (bear this in mind when reading the chart below)
Chikou Span cuts the price level with no immediate resistance in sight (until $7)
Price has pierce through the kumo resistance at around $6.45
A small minus point is the Tenkan [...]
A bearish cross has been sighted on Wilmar, one of the best performing stock on the SGX.
On the Daily Chart, we can see Tenkan sen cutting Kijun sen around Sept 30.
The price dips into the kumo and rebounded till 6.47 (ending the day with a doji…bears and bulls fighting …so who’s winning??)
From this level till [...]