Wilmar – [ Take Profit Before Profit Taking? ]algo investing.com/wp-content/uploads/2019/02/wilmar.png” alt=”Wilmar 4th Feb 2019″ width=”957″ height=”559″ srcset=”http://algo investing.com/wp-content/uploads/2019/02/wilmar.png 957w, http://algo investing.com/wp-content/uploads/2019/02/wilmar-300×175.png 300w, http://algo investing.com/wp-content/uploads/2019/02/wilmar-768×449.png 768w, http://algo investing.com/wp-content/uploads/2019/02/wilmar-600×350.png 600w, http://algo investing.com/wp-content/uploads/2019/02/wilmar-695×406.png 695w” sizes=”(max-width: 957px) 100vw, 957px”>
algo investing.com/wp-content/uploads/2019/02/wilmar-msg.png” alt=”” width=”232″ height=”387″ srcset=”http://algo investing.com/wp-content/uploads/2019/02/wilmar-msg.png 232w, http://algo investing.com/wp-content/uploads/2019/02/wilmar-msg-180×300.png 180w” sizes=”(max-width: 232px) 100vw, 232px”>
Chart Source: Poemsview 4th Feb 2019
Wilmar part of the STI component and one of the few Palm oil related counters in Singapore reached our first resistance of $3.35 last thursday. It couldn’t break through that and succumbed to some profit taking.
It is important to know where the support and resistance for stocks so that a trader and plan and prepare before proceeding to enter a trade.
Our EXCLUSIVE CLIENTS were informed of that so they could PLAN, PREPARE and PROCEED knowing full well their stops and targets.
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