Wilmar just announced their Q2 good results and the stock just surged high where it gap up at opening with a super long bar. Click below to see the news.
https://www.channelnewsasia.com/news/business/wilmar-q2-profit-surges-on-oilseeds-and-grains-business-10613646
The stock was breaking down yesterday with the overall general market and at first glance it looked like it was tanking further until the news was released. I studied the chart carefully but I see no signs of bullishness and until today, it's still a short term selling to me since the stock gap up with a long bar. I would look to take profits on this piece of news now.
https://www.theedgesingapore.com/wilmar-shares-38-2q-earnings-surge-more-fivefold
Ronald K - Market Psychologist - A Stock Market Opportunist
