Wilmar (technical)

Wilmar: Trading Central highlights the stock has clearly reversed up after the upside breakout of a long term declining trend line early last mth. Notes, a strong support base around $2.98 has been well formed and should contain any downward attempt. Adds, the RSI is showing strong bullish momentum after last Friday’s close. Believes a further rise seems to be on the cards with first target at $3.43, and $3.60 in extension.