And its bullish engulfing candle today means a bull call.
Support at 1.59 (mentioned on Singstocks cbox previously) seems strong.
Wilmar
Wilmar has been falling quite rapidly for the past 1-2 weeks.
Today a doji star is seen which COULD be a reversal point. (Doji star is one of the weakest signal to rely on)
But watch for the pattern drawn.
It is a Morning Star Pattern which means signal of turning.
DBS
For DBS, there's also the probability of a morning star pattern forming.
However, as compared to Wilmar, DBS has lesser potential as the pattern is formed near the top.
Nevertheless is still a possible formation.
DBS
For DBS, there's also the probability of a morning star pattern forming.
However, as compared to Wilmar, DBS has lesser potential as the pattern is formed near the top.
Nevertheless is still a possible formation.
*There is possible morning star pattern forming for a few counters.
So you may want to put it inside your watchlist.
I'm not gonna post their charts cause I'll be just repeating myself.
Counters: Sembmar, Sembcorp, Kepcorp. (When I was posting this, I realized all are marines. Could mean something)
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