Wilmar been building its accumulation base since 2012.
It has been pushing higher since last July / Auguest, as it had applied to list its China business, Yihai Kerry Arawana Holdings (YKA) on the Shenzhen Stock Exchange.
"Wilmar's YKA may reach $19.7b valuation in IPO: analyst"
Wilmar counts China, where it has more than 300 plants and a wide marketing and distribution network, as a major market.
It broke doen from its important mid-line during Feb 2020 amd then plunged rapidly further down, breaking through pitchfork channel bottom to test oversold level 1 in March 2020.
STI these 2 days have been indecisive. Watch bulls or the bears to win the tug of war.
Note the day high level of Tuesday and then the day low level of Wednesday, then see where the price go to breakout either this level, this will be the direction.
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