On Wednesday, Wilmar broke the support at $4.79 and closed at $4.70 with HIGH volume of 9.41 million shares traded. A big black candle occurred.  This is bearish, as prices closed significantly lower than they opened. If the candle appears as prices break below a support area, the long black candle confirms the failure of [...]

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On Friday, Wilmar re-test the critical support at $4.79 and closed at $4.82 with LOW volume of 5.16 million shares traded. During the past 10 bars, there have been 2 white candles and 6 black candles for a net of 4 black candles.  During the past 50 bars, there have been 16 white candles and [...]

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On Wednesday, Wilmar re-test the critical support at $5.76 and closed at $5.71 with LOW volume of 5.11 million shares traded. A doji star occurred (where a doji gaps above or below the previous candle).  This often signals a reversal with confirmation occurring on the next bar. Both RSI & MACD are bullish though RSI [...]

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On Thursday, Wilmar re-test the critical support at $4.97 and closed at $5 with LOW volume of 2.59 million shares traded. A doji star occurred (where a doji gaps above or below the previous candle).  This often signals a reversal with confirmation occurring on the next bar. Both RSI & MACD are flat as MACD [...]

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On Friday, Wilmar re-test the critical support at $4.97 and closed at $5 with HIGH volume of 7.04 million shares traded. A black candle sticks with short lower shadow affirms that investors have little hesitant in selling the stock lower. Both RSI & MACD are bearish as RSI trend downwards. Important Resistance of Wilmar: $5.18 [...]

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