Categories
Agriculture Commodities STI

Wilmar

2009mar-wilmar-800x600

 

Wilmar is currently among one of the stronger stocks in STI.

On March 12, the chart shows a bullish signal.

Tenkan sen crosses the kijun sen.

The volume is not very high; a reflection of the current weak market conditions.

On the  weekly chart, it has not break through the kumo resistant yet. Weekly resistant level is at around $3.72

The recent US rally has also seen this stock spike out of its channel.

Expect a little bit of pullback. This one is going into my watchlist.