Wilmar Intl's chart was in my watch list last week when the price was 3.26. It was hovering there for sometime and suddenly the price went above 3.30 after many many months. It's signaling that the stock might be strong and there were buyers willing to take higher price in lieu of some news that might be coming out. I remembered last year that was a news about a new IPO from Wilmar in China coming out and could the recent price run contributed this news to be in play again? I am not sure but looking at the chart, a heavy wall looks like broken soon. Watching it now as it looks bullish.
Ronald K - Market Psychologist - A Stock Market Opportunist
