Wilmar’s slide continues as investors continue to avoid the share, seeking better value elsewhere. Management still haven’t formulate any new plans to revive the fortunes of the company. Can only rely on beating their drums on past achievements such as continued inclusion in the sustainability index.
No amount of insider buying would justify buying when the price is nearing its one year low of 2.915 which would likely happen. Buying at 3.07 and 3.08, slowed the slide a little but brace yourselves for a new low to be created in the next few weeks.
Trader No 103796387
OP
tikam-tikam
:
Yup. Gone case. The buying up to 3.07 and 3.08 reaffirm the ascending triangle pattern. This graph was drawn in late October. The price is now at the later stages of the triangle. There’s a high change the big movement downwards will happen soon.
tikam-tikam : gone case
Trader No 103796387 OP tikam-tikam : Yup. Gone case. The buying up to 3.07 and 3.08 reaffirm the ascending triangle pattern. This graph was drawn in late October. The price is now at the later stages of the triangle. There’s a high change the big movement downwards will happen soon.
JJ trader : Any time it would break 3 dollars and gone case.
Deep Sea : It is likely to break $3 supoort.
CareRareFair : lousy management