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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On Tuesday, Wilmar trend upwards and closed at $5.03 with LOW volume of 6.01 million shares traded. A dark cloud occurred (which indicates that prices moved up strongly on the previous bar, opened higher, but then closed significantly lower).  This implies weakness as the momentum appears to be shifting from the bulls to the bears.  [...]

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On Tuesday, Kepland trend aimlessly and closed at $2.77 with LOW volume of 2.3 million shares traded. A black candle stick with little lower shadow affirms that investors have no hesitant in selling the stock lower. Both RSI & MACD are flat as RSI trend sideway. Important Resistance of Kepland: $2.89 Immediate Support of Kepland: [...]

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On Wednesday, Singtel re-test the support at $3.11 and closed at $3.13 with HIGH volume of 48.2 million shares traded. A black candle stick with long lower shadow indicates that investors are buying when prices dip to the support of $3.11 Both RSI & MACD are bearish as MACD lines about to “cross down”. Important [...]

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