Monday, January 23, 2017

Wilmar - Sellers with Force

Earlier in the morning, Wilmar rallied to a high of 3.92. At firs glance, I thought the stock was strong but after an hour or so, the sellers stacked up and started to show their selling power where the stock reached a low of 3.83. That's the temporary support where the stock then rebounded back up. However, this rebound was weak and I expect Wilmar to trend lower. In the short term, I am bearish and am looking to short this counter. Watch it closely.

Ronald K - Market Psychologist - A Stock Market Opportunist