Wednesday, February 12, 2014

Wilmar Testing Neckline Resistance Zone as at 12th Feb 2014 2.20pm


Chart shown as at 12th Feb 2014 2.20pm.

Immediate resistance is the down sloping blue neckline resistance zone

Next resistance is the high of the doji at $3.30

Take note that price MUST close above $3.30 for the next upward move towards the blue ellipse region

Immediate support is the yellow zone. This yellow zone has been updated to include latest price data since the last posting on 5th Feb 2014.

Next potential support reference is the low of the hammer variant at $3.07

Support failure below $3.07 will result in a fall to the next potential support zone indicated in green.

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