Wilmar jumped off cliff due to big profit earning loss in the company's latest result annoucement( more than 70% drop if i'm not wrong), as a result, it gapped down 24c or -7.1% to closed at 3.15, it dropped to as low as 3.04 in the day. It's an angel drop from heaven to hell or it's just showing its true color? All I know is it's an angel unless it go up back to "heaven" again, its recent high is 6.0 in Feb this year.
From technical perspective, it formed a doji yesterday, I'm looking for a quick bounce if it were to trade higher than 3.18 candlestick high, with 10-20c profit target, purely counter trend trending with no faith.
Trend: down
Long Signal: doji at support
Risk: high
Bullish divergence is seen in its MACD.
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