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Commodities STI

Wilmar (F34) : Ichimoku Bullish Signals

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

By iam802

Trend trading with Ichimoku