Wilmar (technical)

Wilmar: the short term rising trend may have slowed down, following yesterday and today's downward reversal. The counter may consolidate for a bit around the $3.33 level (200day moving average), before embarking on a next upward move. See firm support at $3.30, and resistance at $3.56. Longer term investors however, may use of any near term weakness to accumulate, as the stock appears to be embarking on a bowl-shaped recovery.