Thursday, 18 February 2016
Wilmar Technical Analysis: 18 February 2016, Thursday, 3.51pm Singapore Time
Wilmar Technical Analysis:
18 February 2016, Thursday, 3.51pm Singapore Time
Attached above is the technical analysis of Wilmar, a Singapore listed palm oil company.
It is a typical representation of how palm oil, palm oil companies and commodities may execute a larger-wave dead cat bounce yet still be entrenched within a very long term bear market.
Such moves typically make stock buyers excited thinking of bull market. It is meant to add noise to the market since most people do not know what is going on in the market and are easily distorted by less macroscopic moves.