Friday, February 18, 2011

Wilmar


Buy Wilmar at $5.36 on 18th Feburary 2011

Trade decision conditions:
  1. Commodities - Inflation will push up commodities' prices
  2. Break $5.35 (10DMA)
  3. Break the consolidation top of $5.36
  4. STI is very near to 200DMA, selling sentiment is at near end.
  5. Singapore Budget Day is today!!! Expect STI to move.
Stop: $5.20 (Support: $5.25)
Target: Immediate target at $5.52; if break it, will continue to hold it

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