F34 Wilmar International may have bottomed
Based on the chart, Wilmar is on the verge of reversal . RSI suggests bullish divergence It is below the 25 moving average which means it is trading under the average price the past 25 days
The lower the price it is from the 25ma, the greater the chance of a rebound.
At 3.8 it may have bottomed according to the bollinger band and RSI . but of course it might go lower. 3.8 is a decent price anything lower is a bonus.
RSI also suggest bullish reversal. It may be an opportunity for short to mid-term.
With Powell lurking around the corner, SG stock market might be rattled. Those who do not mind holding long term for its dividends can take a look at this stock.
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