Wilmar (technical)

Wilmar: the stock has reached a new 6mth high. Trading Central highlights the counter remains in a bullish trend. Sees further positive signs in both the 20day and 50 day moving averages climbing upwards, while the RSI stands well above the neutral 50% mark, without showing any signs of reversal. The house expects Wilmar to challenge its next resistance at $4, followed by $4.20 in extension, as long as $3.73 is not broken.