Wilmar (technical)

Wilmar: Trading Central notes the stock has been consolidating lately, but remains supported by a major level around $3.45. Adds the key moving averages are shifting upwards ( a positive sign) while the RSI stands well above its neutral area at 50%, without displaying any signs of reversal. Expects further upside to $3.78 and $4 in extension as long as the $3.45 support is not broken.