Day - 8 $Wilmar(F34.SG)

On the updated chart, the gravity line is about S$3.666, so Wilmar is now trading roughly 3.4% above gravity. The +10% band is near S$4.033, and the +20% band is near S$4.399. That tells me the stock has rebounded cleanly off its recent equilibrium retest.

My read is that Wilmar’s price action improved meaningfully on March 27. The stock had already cooled from the March 18 high near S$3.90 back toward the gravity line over the past week, and Friday’s close at S$3.79 now looks like the first credible attempt to re-accelerate away from that mean-reversion zone. In my view, this is a constructive development because price is no longer extended, yet buyers were still able to step in and push the stock higher off trend support. That is typically how a durable uptrend repairs itself after a short-term reset.

From my point of view, Wilmar is back in a constructive re-accumulation phase. I do not see the current setup as overheated; I see it as a stock that has already worked off excess and is now trying to rebuild upside momentum from a much healthier technical position. As long as price stays above or near the gravity line, I would remain constructive. The next real test is whether Wilmar can push back into the S$3.80–S$3.90 area with follow-through. A failure there would argue for more sideways digestion, but a clean reclaim would tell me the market is ready to challenge the prior highs again.