10 March 2018, Saturday, 2.28pm Singapore time
(Click on Technical Chart Above to Expand)
Attached above is the technicals for Wilmar International that is listed in the Singapore SGX.
The orange circled regions illustrate step by step how Wilmar had slowly and quietly made use of the past 2 years to build and confirm its long term uptrend. Wilmar is currently at its mid-long term bottom area again. Wilmar will have to rally all the way from here now to break up $4.00 long term resistance. This is to maintain its long term uptrend momentum. Probability of success in doing that is a high 85%. Bullish, provided the OBV does not break down. Selling has been dry. Bullish volumes will flood back into commodity stocks worldwide again from March 2018 to December 2018. Agriculture, plantation and commodities winter are over, and in spring period as a cyclic cycle now.
The orange circled regions illustrate step by step how Wilmar had slowly and quietly made use of the past 2 years to build and confirm its long term uptrend. Wilmar is currently at its mid-long term bottom area again. Wilmar will have to rally all the way from here now to break up $4.00 long term resistance. This is to maintain its long term uptrend momentum. Probability of success in doing that is a high 85%. Bullish, provided the OBV does not break down. Selling has been dry. Bullish volumes will flood back into commodity stocks worldwide again from March 2018 to December 2018. Agriculture, plantation and commodities winter are over, and in spring period as a cyclic cycle now.
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