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Thursday, January 6, 2011

Wilmar

Wilmar, this falling angel disappointed many, was greatly influenced by China government policy and recently was dumped again, due to its venture into China property market. Anyway I still have a faith in it, it's forming a bullish divergence between its price and RSI, the downside is limited.


5 comments:

Anonymous said...

hi. please look at SAR'chart.
when the line of sma10 cross sma 30,does it mean the price will move higher?

SgTrader said...

means generally bullish. btw, i don't use 10 and 30, i know some others using.

Anonymous said...

what do you use? 20 and 50?

SgTrader said...

yar... but nothing superior

Anonymous said...

do you think cosco will move higher?
seems it doesnt move much after break out