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Wilmar – beautiful shooting star seen

Thanks to belle for alerting Wilmar.

Wilmar today has a beautiful bearish shooting star with good volume. After such a strong so many days higher, finally Wilmar may be reaching end of the road, for now. Those that have long position may want to set a trailing stop to protect your profit. Those thinking to short, make sure you set your cut loss. If Wilmar do go lower, first small support to watch out for will be the 100 and 200 DMA at the same price of 5.29. Then watch out for 5.11 which will coincides with fibonacci 38.2% and 50DMA. The fibonacci 50% will be strong support for now.

 
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