Wilmar Intl managed to bounce off from the low of $2.61 on 18th Jan 2016 and continue to trend higher to touch $3.14 on 16th Feb 2016.
This is rather impressive.
It has revered this downtrend and reversing into bullish trend.
The current price of $3.11 is staying above both 14SMA & 25SMA lines which is generally very positive.
Also both MACD & RSI are still trending upwards which may provide further indication that the share price may continue to head higher.
Short term wise look for a re-visit to clear $3.14 and head higher towards $3.24 with extension to $3.50.
(trade base on your own decision)
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