Wilmar Posts 51% Profit Up in Q1 | Moses Stock Analysis

March 13, 2017

 

 

 

Wilmar’s oils business gained nearly 20 per cent to US$178.6 million for the quarter, resulted by a stronger showing from refinery and plantation businesses, which benefited from higher crude palm oil prices.

Get more story from The Straits Times, Wilmar posts 51% profit rise in Q1.

F34 Wilmar International Charting and EMA Wave

Stock cross up above EMA wave, then cross below 34 EMA wave. Then with such a great profit, many of the trader will go crazy.

 

 

 

 

 

 

F34 Wilmar International Charting and ABCD Chart Pattern

 

 

 

 

Wilmar International Charting and Channels

You see where the price stop! It seems there is a reason, see chart for more. Picture worth a thousand words.

See the explosion of the price action. You can feel the market emotions.

 

 

Wilmar International Charting and Channels

The price action has broken out the resistance and stop near the resistance.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Disclaimer

The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.

These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.