Wilmar is well supported at $6.45 level. However, we do not see any aggressive move today on the stock price maybe due to uncertainty on crude oil prices and commodities markets. If monitor closely, we can easily found a breakaway gap happened on 04-05-10. By looking at the KD line which fall in oversold region, we believe to see any rebound from here in near-term. By entering at this level, we can have a tight and low protective stop (1 tick below recent low) against higher profit target (at $6.75-6.85 to close the gap mentioned above). Have a good try!!!
