Day 16 - $Wilmar(F34.SG)

From my point of view, the tone has improved. The gravity line on the refreshed chart is about S$3.79, which leaves Wilmar roughly 2.73% above its center line. That tells me the stock is back on the constructive side of trend, but not in a stretched condition. I do not see this as a breakout move yet. I see it as a healthy recovery that has restored positive structure without pushing the stock into an overheated zone.

What stands out to me is the quality of the rebound. Price has moved back toward the high-S$3.80s and low-S$3.90s, but the daily candles still show some resistance whenever the stock tries to extend. That usually means buyers are in control, but they are still meeting supply on the way up. In practical terms, Wilmar looks stable and constructive, though it still needs a stronger close through the recent upper band before I would call for a more aggressive upside leg.

My concise view: Wilmar looks technically healthy to me, with trend support holding and momentum improving, but the stock is still behaving more like a steady consolidation above gravity than a decisive breakout above resistance. A firm move through the recent S$3.91–S$3.93 area would improve the setup further.