Wilmar broke the neckline support zone on 14th January 2014 thus confirming the down sloping head and shoulders chart pattern. Price attempted to retake the neckline support turned resistance zone on 16th January 2014 but failed. Price has plummeted to a low of $3.07 and this low is the immediate support. If $3.07 support does not hold price will drop and test the green potential support zone. Any upward price movement will meet potential resistance at the yellow zone followed by the neckline zone.
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