Rate Of ReturnDay 11 - $Wilmar(F34.SG)
On my gravity-line framework, the stock is still in a constructive position. The freshly built chart puts the gravity line at about S$3.688, with Wilmar trading roughly 3.9% above gravity. That tells me the trend is still positive, but the name is not yet extended. The upper +10% gravity band is near S$4.06, so current price action is firm without looking euphoric.
My read is that this is a healthy consolidation after a strong March recovery rather than the start of a deeper technical unwind. Wilmar came into April after pushing from the low S$3.30s in early March to a late-March close of S$3.85, then eased modestly on April 1. That kind of pause, while still holding above gravity, usually argues for trend digestion rather than trend failure.
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