Day 13 - $Wilmar(F34.SG)

Wilmar is trading at S$3.98, above the previous close of S$3.93, with today’s session so far showing S$3.96 open, S$4.02 high, and S$3.94 low. On the chart, the gravity line is around S$3.72, so price is sitting about 7.07% above its center line.

From my point of view, the tone has clearly strengthened. Earlier, the stock was recovering in a measured way after a pullback. Now it is behaving more like a name with active momentum behind it. Price is no longer just holding above equilibrium. It is pulling away from it, which tells me buyers are still willing to step up rather than wait for a deeper retracement.

I still do not see the move as exhausted. The stock is more extended than before, so the chance of resistance and slower upside has increased, but the structure still looks like an advancing trend rather than a blow-off rally. The intraday push above S$4.00 matters because it shows the market is testing higher ground while the broader trend remains intact.

What I am watching now is whether Wilmar can continue holding around the S$3.98 to S$4.00 area. If it can, I would take that as a sign that buyers are absorbing supply well and keeping the trend healthy. If it starts stalling repeatedly around this zone, I would read that as a signal that the market may need a short consolidation before it can push higher again.

My bottom line is that Wilmar still looks technically strong to me. The bullish structure remains intact, momentum is clearly present, and the market is acting like it wants to challenge higher levels. At the same time, price is now far enough above the gravity line that the next part of the move may become less smooth and more vulnerable to pauses or short-term resistance.