Monday, August 12, 2013

Wilmar (technical)

Wilmar - Counter appears to be trending downwards, with RSI and Stochastics all pointing to further downside ahead. The coutner has also broken past its 20 day and 50 day MA, where a close below these levels could confirm the downtrend. The year low of $3.06 could provide near-term support to share price.

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