Learn practical trading strategies.
Take control of your future!

Singapore
Knight Trader Boot Camp
Coming in May 20, 21 & 23!

Archive for the Wilmar Category


Wilmar – been quiet for some time

Wilmar is now having a bollinger squeeze, which means it has been quietly building up some pressure. It is like a dormant volcano with quiet rumblings. No idea when it is going to burst out with fire, but one has to watch the support and resistance.

Read More...

Wilmar – trying for a technical rebound?

Wilmar today formed a small hammer at fibonacci support. It is possible that it could be trying for a technical rebound, but your risk is high as one would be going against the trend. It if does rebound, there is a possible bullish divergence.  

Read More...

Wilmar – forming descending triangle

If Wilmar breaks support of 4.86, then it is a descending triangle in play to the downside. remember, only if it breaks the support.

Read More...

Wilmar (on request) – lost the grip at 5.00

Wilmar tried very hard to regain the psychological support of 5.00 as been highlighted in my regular YouTube over the last 2 weeks. Now, price action looks bearish. so close yet so far It kinda remind me of this video below:  

Read More...

Wilmar – possible bear flag

Wilmar is now trading below the psychological 5.00 now acting as resistance. Over the last 5 days, it has been trading inside the almost solid black candle (see arrow). As long as it cannot go higher than this black candle, then bears are still in control.

Read More...

Wilmar – Shooting star at falling window resistance

Seems like plantations (GoldenAgri, IndoAgri and Wilmar) all hit resistance. Wilmar formed a black shooting star at falling window resistance. Seems like profit taking is coming…

Read More...

Wilmar – seems to be supported by round number

Wilmar, despite the bloodbath close nicely at day high. Plus with 2 bullish candle, it seems like it is being supported by the round number $5.00. Therefore watch to see if tomorrow it can still be supported, especially when Dow is in blood red…  

Read More...

Wilmar – Hammer at fibonacci support

Today Wilmar formed a hammer. Although it is not a nice hammer, but nonetheless, it is a hammer. Therefore watch to see if it can go higher.  

Read More...

Wilmar – potential bear flag forming

If wilmar breaks the support of 5.06, high chance a bear flag is in play. Therefore watch the 5.06 level. If wilmar did not break, still be cautious as the last 3 days volume are very low.  

Read More...

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 […]

Read More...

©2013 Charting Academy Pte Ltd