Wilmar, a stock that recently kept rising because of the new IPO in China started to tank dow -5.4% today as of now. It was because the earnings was bad as the net profit dropped -52.3% compared to the previous year. After a good run, the stock hit a major supply zone with profit taking and then suddenly the last 4 days, it started to recover strongly up which to me was a trap. That's why during my private sharing yesterday, when someone asked me what to do with Wilmar, my answer was to sell the stock since it reached a supply zone. Don't gamble, take profit first and move to another counter first since the stock looked riped from the chart. Congrats to all who made $
pic source: https://links.sgx.com/FileOpen/Wilmar_2Q2019_Financial_Results_News_Release.ashx?App=Announcement&FileID=574174
Ronald K - Market Psychologist - A Stock Market Opportunist
