Wilmar (technical)

Wilmar: UOB Kay Hian has Technical Buy Call with $3.60 TP. House note that the stock appears to be supported near its resistance-turned-support level near $3.25 and looks poised to break above its downward sloping trendline. Its Stochastics has moved out of its oversold region and its MACD indicator has formed a bullish crossover. House institutional research has a fundamental BUY with a target price of $3.80.