Wilmar Intl after hitting the high of 3.75 on 29th April 2016 it had since drifted lower to touch 3.25 on 11th May 2016. This is rather Bearish.
Today gap down and closed lower at 3.29 couple with super high volume of 34.11m of shares changing hands this is rather negative.
Short term wise it may continue to go lower to re-visit 3.10 then 3.00.
Breaking down of 3 will be super bearish and may see it goes further down towards 2.80 ..
(trade base on your own decision)
No comments:
Post a Comment