$Wilmar(F34.SG)Wilmar remains in a corrective phase with recent price action reflecting fading short term momentum after its earlier rally. The stock has been forming lower highs and lower lows as profit taking continues to outweigh fresh buying interest, while the break below recent support has kept sentiment cautious.

Despite the weakness, selling pressure remains orderly rather than aggressive suggesting the market is consolidating rather than undergoing a broad trend reversal. Overall, investors will be watching for buyers to defend the next support zone, as a successful hold could help stabilise sentiment and lay the foundation for the next recovery