Sunday, May 03, 2020

Wilmar - 3.60 Resistance

Wilmar near the 3.60 resistance, looks like going to do a pull back if it cannot break out.  25th bar was strong but no follow up on the 26th bar.  27th bar was up with high volume but seem to stop near the 3.60 resistance, might be a distribution area.



Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

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