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.