Wilmar has broken $6.00 (78.6% Fibonacci Support) with increase in trading volume. Wilmar is currently trading below 20D, 50D and 200D MA and this is a bearish trend signal. As rule of thumb, never put your money into a stock for long term investment when the stock chart is on down trend. Next support to watch is the 61.8% Fibonacci Retracement Level at about $5.115.
Substantial Share Holders and Directors are liquiditing Wilmar shares past few days.
Wilmar has been such a great disappointment all this while. I guess it will not be picking up anytime soon.
$5.50 today! The knife is very sharp!