Wilmar Intl on 15th January 2016 has broken down the support level at $2.74 and close lower at $2.67. This is generally rather negative.
The current price of $2.67 is staying below both 14SMA & 25SMA lines which is rather bearish and may see further weakness for the price to head lower.
Both MACD & RSI are also pointing downwards which may provide further indication that the price may head lower to test the next recent low at $2.46.
$2.46 was the historical price dated somewhere back in Nov 2008. If $2.46 has been taken down then it may continue to trend lower towards $2.00.
(trade base on your own decision)
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