Tuesday, February 21, 2017

Wilmar - Post 70% Rise in 4Q Earnings, Stock Tanked

Wilmar posts some very good earnings today but the stock was met with sellers after sellers and started to tank. In the minute chart, it breached the neckline as drew and in the daily chart, it was an obvious breakdown today. It is currently issuing dividend now to stop the bleeding temporary and I believe tomorrow it may start to rebound a little. I always question myself, why is it good news that the stock starts to suffer selling? Why is it bad news and that the next few days, the stock starts rebound? It's something to serious ponder about.


Ronald K - Market Psychologist - A Stock Market Opportunist