Day 20 - $Wilmar(F34.SG)

My gravity read has improved from the panic low, but the stock is still below trend. The gravity line is about S$3.80, so price is roughly 2.20% below gravity. This tells me the 30 Apr rebound from the -10% band was meaningful, but Wilmar has not yet fully repaired the technical damage.

The key recovery zone is still S$3.80–S$3.83.

My view on the price drop: the market punished weak 1Q2026 quality, especially the drop in core profit, hedging losses and weaker segment/JV contribution. But the same-day rebound from the -10% gravity band near S$3.43 showed strong value demand at the extreme. The 4 May bounce to S$3.72 confirms that buyers are still active, though the stock remains in recovery mode rather than back in a clean uptrend.