Wilmar (technical)

Wilmar: Trading Central notes the stock is rebounding above its new support at $3.45. Moreover the 50 day MA is heading upwards and acts as a support. RSI stands above the neutral area and remains supported by a rising trend line. The house expects Wilmar to challenge next resistance at $3.90 and $4.10 in extension, as long as $3.45 is not broken.