Wilmar breakout today after its result release. Likely to go sideways after such a huge breakout as many sellers are attracted to this kind of big long honey bullish bar.
'SINGAPORE (May 12): CGS-CIMB is reiterating its “add” call on Wilmar International with an unchanged target price of $4.58, representing a 29% upside for the counter.
This comes despite a relatively weaker set of results for 1QFY2020 ended March delivered by Asia’s leading agribusiness group on May 11. Wilmar’s earnings slipped 12.7% to US$224.3 million (S$316.7 million) from US$257.0 million the previous year on the back of mark-to-market losses on investment securities. '
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.
🚨 𝐔𝐒 𝐌𝟕 𝐓𝐞𝐜𝐡 𝐬𝐭𝐨𝐜𝐤𝐬 𝐚𝐫𝐞 𝐛𝐨𝐮𝐧𝐜𝐢𝐧𝐠 𝐛𝐚𝐜𝐤 –
𝐛𝐮𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞𝐬𝐞 𝟑 𝐫𝐞𝐚𝐝𝐲 𝐭𝐨 𝐞𝐱𝐩𝐥𝐨𝐝𝐞?
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The Magnificent 7 stocks just made a *powerful* move — and 3 of them are
showing clear signs of strength that could lead to further upside.
In my ...
25 minutes ago
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