Monday, July 3, 2017

Wilmar - Weak/Strong Stock ?

Wilmar continue to look weak without any strong support. That day when it gap up with a long bar up, I thought it was a bullish start and suddenly the sellers just took over and sell down the stock. It's new IPO in China could be listing soon and hence price has to go down first in order for later up move. The thing now is last Friday's sell down, I am not sure it was a flush or a more downside to come but I will watch today to see it's direction for clearer picture. I am timing this counter closely near towards its IPO listing in China.

Ronald K - Market Psychologist - A Stock Market Opportunist