Wilmar is just trading around $5.00 on last trading day. Watch this $5.00 closely because this level used to be a reliable support for past few occasions. Breaking this $5.00 will send Wilmar price down to the falling wedge support in the $4.00 to $4.50 region. Base on the current chart pattern, Wilmar has high probability Wilmar of l breaking this support.
SembMarine has broken 50D MA support with a bearish marubozu candle last trading day. MACD is weakening and entering into the negative territorry. A strong resistance is seen at $3.95 which is the down trend resistance, 61.8% Fibonacci Retracement Level and also the 20D MA. Immediate support at $3.65 (weak support) followed by $3.38 (50% FR).
This original content is from My Stocks Investing Journey.
IndoAgri has been in consolidation mode after finding the bottom in early Oct. Base on currenty chart pattern, it looks like IndoAgri is going to continue the down trend if the stock cannot break above the Down Trend resistance, 20D & 50D MA at about $1.30. Immediate support is $1.13 followed by $0.70 (123.6% FR). Weekly chart is also showing a similar pattern after Bearish Harami candlestick pattern formed at the end of Oct.
The analysis is originally from My Stocks Investing Journey.