Wilmar this morning got a good run up for its China IPO nod. However, price did not managed to cover the previous gap down. By the end of the day, a bearish bar was form. Likely to go sideways for now unless there are further good news.
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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