What do you guys think about Wilmar Intl ?
Hey all ! Have you guys been looking at $Wilmar Intl(F34.SG$ ? I see a descending channel on the daily, signifying an overall bearish momentum. We can expect price to drop from pivot level in line with 161.8% Fibonacci projection and 38.2% Fibonacci retracement towards potential take profit level in line with 61.8% Fibonacci projection and horizontal support. My bearish bias is further supported by the Ichimoku Cloud indicator where the it is acting as a resistance.![]()
Potential Pivot level @ 4.23
Potential Take Profit level @ 4.06
Potential Stop Loss level @ 4.34
$Wilmar 5xShortSG230825(DHGW.SG$
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Smart monkey : Wow, so insightful!
Peng Lim Yap : Due to the asset Arowana in a share in China, and relaxation slagging economy
101671338 : India IPO in Dec/Jan and reasonably good FY results for FEB/MAR with expected decent dividends. Prices suppressed and not in according to its business performance. Just wondering why so many shares buyback this time round. Company too much cash to spare? Lol
Bull Run : All predicted wrongly, Wilmar bounce after bottom reached 3.9+