Wilmar

Discussion in 'Acquistion Targets' started by Exiga, Oct 10, 2011.


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  1. zuolun

    zuolun Well-Known Member

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    trendtrader,

    Wilmar's downside is more than upside. Those bears who had shorted Wilmar earlier were forced to cover their shorts due to company share-buy-back, that's why the chart has an island top pattern (bearish reversal). The range trading of 0.30 (bet. 3.00 to 3.30) is valid only if the company share-buy-back is consistent, like Olam. As the company share-buy-back is not aggressive with heavy volume, it's a clear signal that Wilmar's share price at 3.00 may not be able to hold once the next qtr's earnings results is below expectation or co. reports a loss.

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  2. zuolun

    zuolun Well-Known Member

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    Wilmar - Island Top

    [​IMG]
    Wilmar closed with an inverted hammer @ 3.12 (-0.02, -0.6%) on 9 Oct 2012.

    Critical support @ 3.00 once broken, Wilmar is an outright SELL

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  3. zuolun

    zuolun Well-Known Member

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    Wilmar - Critical support @ 3.00 once broken, Wilmar is an outright SELL

    Wilmar closed unchanged @ 3.16 on 5 Oct 2012.
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    Last edited: Oct 6, 2012
  4. zuolun

    zuolun Well-Known Member

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    Wilmar - Critical support @ 3.00 once broken, Wilmar is an outright SELL

    BMD Crude Palm Oil (CPO) Last 1.1% Lower at MYR2,230/Ton, Lowest Since November 2009

    Wilmar closed @ 3.20 (-0.01, -0.3%) on 2 Oct 2012.

    Resistance 3.43, critical support 3.00.

    If Wilmar's long term horizontal support @ 3.00 is broken convincingly with exceptional high volume:

    1. Interim support 2.80,

    2. Next support 2.60, the price projection of a bearish descending triangle breakout. (ref. monthly chart).

    3. Strong support 2.20, the long-term horizontal support.

    Wilmar 2 Oct 2012.png
     
  5. zuolun

    zuolun Well-Known Member

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    BMD Crude Palm Oil (CPO) Dips; Slowing Exports, Supply Cues Weigh

    Wilmar - Moving in lockstep with PPB

    Performance Chart Wilmar vs PPB Sep 2012.png

    View attachment 7508

    View attachment 7513

    View attachment 7587

    View attachment 7588
     
    Last edited: Oct 1, 2012
  6. zuolun

    zuolun Well-Known Member

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    trendtrader,

    If Wilmar's support @ 3.00 is broken convincingly with exceptional high volume:

    1. Interim support 2.80,

    2. Next support 2.60, the price projection of a bearish descending triangle breakout (ref. chart below).

    3. Strong support 2.20, the long-term horizontal support.

    View attachment 7513
     
    Last edited: Sep 29, 2012
  7. zuolun

    zuolun Well-Known Member

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    Wilmar - Bollinger squeeze

    Critical support @ 3.00 once broken, Wilmar is an outright SELL.

    View attachment 7508
     
  8. zuolun

    zuolun Well-Known Member

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    Wilmar - Critical support @ 3.00 once broken, Wilmar is an outright SELL

    [​IMG]
     
  9. zuolun

    zuolun Well-Known Member

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    PPB's share price had been impacted by the weak performance of its 18.3% associate Wilmar, which is the largest earnings contributor.

    Wilmar vs PPB

    Wilmar - Bollinger Squeeze, expect more downside

    If the long-term critical support at 3.00 is broken convincingly with high volume, Wilmar is an outright SELL.

    Wilmar TP: 2.20
    PPB TP : 12.10

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  10. zuolun

    zuolun Well-Known Member

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    Wilmar - Bollinger Squeeze, expect more downside

    If the long-term critical support at 3.00 is broken convincingly with high volume, Wilmar is an outright SELL.

    [​IMG]

    [​IMG]

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  11. Milo-Dino

    Milo-Dino Well-Known Member

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    Occupation:
    Accountant
    Location:
    Singapore, Singapore, Singapore
    Now my turn to update....
    (will only learn if dare to try and let experts help me improve)

    2011Nov-Wilmar-800x600.png

    Wilmar... another swee swee fibonacci stock...
    see how swee it looks.... my 0% at 5.97 (shooting star on 1st Aug)
    100% at 4.99... roughly the support
    and zhun zhun hit target 161.8% 4.38...

    Right now.. I can tell you that the stock has strong resistance at 5.30-5.36
    I have been waiting for it to hit 5.30+ the last week to T... but it didn't manage to get that high... The 200ma and 100ma line at 5.30 looks like strong resistance.

    personally.. it looks likely to retest $5.
    Palm oil counters have been weak...
     
  12. dandannoodles

    dandannoodles Well-Known Member

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    Some food for thought.

    What do you do when a stock gives you signals like these?

    :crazy:

    2011Oct18-Wilmar-800x600.png
     
    Last edited: Oct 18, 2011
  13. Exiga

    Exiga Administrator

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    I still use paper and ruler hor. Those charts only generated every now and then. For realtime action, I still use paper and ruler on screen....:oops:

    But whole market like gonna open up. In that case, likely invalidated liaoz...:eek6:

     
  14. dandannoodles

    dandannoodles Well-Known Member

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    Exiga kor, looks like u hv moved beyond your pencil and ruler days:eek:fftopic::thumbup1:
     
  15. Exiga

    Exiga Administrator

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    Another potential shorting target....

    On the 30mins, the 10day MA is just about to cut down on the 20day MA. It also ended below that level, which infers that the downside will likely persist and it should cut down thereafter on opening....If so, probably cover the gap at 4.66-4.67, or around the 50day MA line support...:idea3:
    Wilmar_30mins.gif

    On the Daily, it had a long trailing Doji star...Requires confirmation, but I guess any close below the gap will infer more downside to the lower range of the long red candle, as the interim uptrend rebound would have broken as well....:willy_nilly::yikes:
    Wilmar_Daily.gif
     
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