Tag Wilmar

Entries 4 Total

Ichimoku Chart Review : OCBC and Wilmar

Feb 3, ’10 12:43 PM

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 banks in Singapore and I believe, is part of the STI Index as well.

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Wilmar (F34) : Ichimoku Bullish Signals

Nov 10, ’09 11:09 AM

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)

  1. Chikou Span cuts the price level with no immediate resistance in sight (until $7)
  2. Price has pierce through the kumo resistance at around $6.45
  3. A small minus point is the Tenkan sen and Kijun sen does not seems to have cut each other upwards yet. It is still fairly flat.
  4. Broader market concerns. SPX will be hitting 1100 resistance soon. Will it turns? Wilmar may be releasing its results soon (Nov 12), so this could be a push before earnings.

2009Nov-Wilmar-800x600

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Wilmar (F34) : Ichimoku Bearish Cross

Oct 13, ’09 11:40 AM

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 the high of 7.02, it will be critical test for Wilmar. Failing to go higher, and we can safely say that a lower high is formed and the trend has started to change.

If it hits 7.02 and reverse, then a double top may have formed (another bearish sign).

2009Oct-Wilmar-800x600

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