Wilmar Intl seems to have bounced off from the low of $2.77 on 14 Dec 2015 and managed to rise higher to close at $2.96 today. From TA point of view it seems to be on a reversal trend with current price staying above both 14SMA & 25SMA lines.
Both MACD & RSI are also showing sign of a positive divergence that may provide further catalyst to drive the share price higher.
Breaking out of $3.00 with good volume will be rather bullish for the price to head higher towards $3.15 then $3.23 for short trend uptrend target price.
If price dropped below $2.88 then perhaps this short term uptrend mode may not follow-through.
(trade/invest base on your own decision)
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