Day 9 - $Wilmar(F34.SG)

On my gravity model, Wilmar’s gravity line is about S$3.663, so the stock is now trading roughly 5.1% above gravity. That is stronger than the March 27 reading, but still not a truly stretched condition. In my view, this is a bullish but not euphoric setup: price has lifted away from equilibrium, yet it remains well inside the usual overheating zone, with the +10% band near S$4.03 and the +20% band near S$4.40 based on the rebuilt series.

My read is constructive. The stock has now pushed back toward the upper end of its recent March range after the pullback from the March 18 peak around S$3.90. That matters because Wilmar is no longer merely bouncing off mean support; it is pressing back toward prior resistance with improving follow-through. The recent tape shows a recovery from the mid-March reset, including the March 27 rebound and the stronger March 30 close.

From my perspective, the technical posture is now positive with a near-term momentum bias. As long as Wilmar holds around or above the gravity line, I would treat dips as consolidation rather than technical damage. The key next test is whether the stock can decisively clear the S$3.88 to S$3.90 area. A clean break there would argue for trend continuation; failure there would more likely mean sideways digestion above gravity, not necessarily a bearish reversal. Wilmar’s own investor-relations data also shows the stock’s recent period high at S$3.90 on March 18, 2026, which reinforces that as the immediate resistance marker.