Day 14 - $Wilmar(F34.SG)

From my point of view, the chart still looks constructive, but the stock has clearly stepped back from the more aggressive momentum phase we saw near the S$4.00 area. On the refreshed chart, the gravity line is about S$3.73, so Wilmar is trading around 3.78% above its center line. That tells me the stock remains on the strong side of trend, but it is no longer pressing the kind of extension that would suggest immediate upside acceleration. In practical terms, this looks more like trend maintenance than breakout behavior.

What I find most notable is the way price is behaving after the early-April push. Wilmar challenged the higher zone around S$4.00 last week, but the latest completed sessions have settled back into the high-S$3.80s. I read that as a market that is still healthy, yet now more selective. Buyers are defending the structure above the gravity line, but they are not chasing price with the same urgency they showed when the stock first broke higher. That usually points to consolidation rather than breakdown.

My base case remains constructive. As long as Wilmar stays above the gravity line, I still see the broader bullish structure as intact. The stock does not look weak to me; it looks like it is pausing and rebalancing after a strong run. If it can reclaim the upper zone near S$3.90 to S$4.00 with conviction, I would take that as the next signal that momentum is rebuilding. If it continues to hover around current levels, I would interpret that as a healthy digestion phase rather than a material loss of trend control.