Wilmar (technical)

Wilmar: Trading Central notes the stock recently pulled back on its key support area, which represents a medium term rising trend line since Aug 2013. Besides, the bullish 50-day moving average suggests that the stock may still have upside potential to go. In which case, as long as $3.35 is not broken, the house expects a limited consolidation before further advance to $3.65 (the previous swing high) and $3.75 in extension.