Day 10 - $Wilmar(F34.SG)

My updated gravity-line read is constructive. On the current build, the gravity line is about S$3.682, so price is trading roughly 4.8% above gravity. The +10% band is near S$4.05 and the +20% band is near S$4.418. That tells me Wilmar is in positive territory versus its equilibrium trend, but it is not stretched enough yet to look technically overheated. The tape is firm, not euphoric.

From my point of view, this is the kind of price structure bulls want to see. Wilmar has already proven it can re-accelerate after the mid-March consolidation, and the March 31 close at S$3.86 keeps it close to the upper end of the recent range, though still below the March 18 high/price area around S$3.90–S$3.93 seen in the recent data. Until that zone is decisively cleared, I read the stock as strong but still in confirmation mode rather than in outright breakout mode.

My practical takeaway is straightforward: Wilmar still looks like a buy-the-dip trend rather than a chase-the-spike trade. As long as price stays comfortably above the gravity line, pullbacks look like consolidation inside a healthy uptrend. A clean push through the S$3.90–S$3.93 ceiling would strengthen the case for another leg higher; failure there would more likely mean sideways digestion than trend failure.