Tuesday, June 15, 2021

Wilmar - Moving Sideways

3 May 21 - Signal of Strength - when there is a recent trend break from support, this signal of strength are likely to be weak.

14 May 21 - Signal of Strength - this is more trust worthy as it is also sitting at the uptrend support line.

Resistance are strong around 4.85 as No Demand, Down Setup and Sign of Weakness keep showing near the resistance line.

Support are also strong around 4.75 with the No Supply Test coming in.



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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