Wilmar is forming a Symmetrical Triangle and looks like going to breakout soon. If Wilmar breakout and move up, target price is $7.40. If Wilmar breakout and move down, the stock may move to $5.30. OCBC Investment Research has a BUY rating for Wilmar with a fair price of $8.23 (base on FY10F 20x EPS)
Wilmar – Waiting For The Breakout
- Post author:Marubozu
- Post published:December 25, 2009
- Post category:Wilmar International
- Post comments:0 Comments
Tags: Symmetrical Triangle