Smart monies gap down Wilmar today as one of its major shareholders intend to unload its shares. The next 2 days will determine whether this is a long-term downtrend for Wilmar. Usually it is going to be with such a big gap down.
The Archer-Daniels-Midland Company (ADM) is an American global food processing and commodities trading corporation, headquartered in Chicago, Illinois.[2][3][4] The company operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial, and animal feed markets worldwide.
https://www.todayonline.com/world/archer-daniels-midland-cut-stake-wilmar-sell-shares-500-million
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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