Wilmar (technical)

Wilmar: Chart suggests significant short term selling pressure, as the 20 day MA has hooked down sharply, accompanied by the declining key indicators . Near term momentim is negative , with RSI steadily trending down toward the 30% level. See support at 200 MA (approx ~$3.30). Potential for more downside to the next level at $3.20 if the 200 MA fails to hold.