Wilmar dropped 22c by Friday’s close after reporting earnings on Thursday evening.

We were already short.

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STI

So we might finally be doing that retest of the 3250-70 area.

Sit tight and follow system.

Still looking for buy opportunities.

STI finally retesting that 3250-70 area

OCBC

Be patient and follow system

OCBC be patient and follow system

Wing Tai

Reacting off the $2.08 level.

Be patient and follow system.

Wing Tai reacting off $2.08

ComfortDelGro

Still hanging in there, 2.40 is a likely place where we can find some sellers, but that would trigger our exit signal.

So I did suggest a couple of ways to play this in the previous post here.

Be patient and follow system.

ComfortDelGro be patient and follow system

Wilmar

So we got Wilmar moving lower again, that previous consolidation area held price down afterall.

It was a pleasant surprise that it dropped on results release and a dividend payout.

We are getting into a potential area of support just as the STI is heading into 3250-70 area, this relationship was highlighted in this previous post.

So take this opportunity to lock in some profit around here.

We might go lower but not the time to be greedy.

Wilmar dropped 22c by Friday’s close

Breadtalk

Be patient and follow system.

Breadtalk be patient and follow system

Genting

Still waiting for a buy signal.

It might react from 1.13 area.

Genting still waiting for signal

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Good trading folks!

The post 11th August STI Market Update: Wilmar Droppped over 6%! appeared first on The Systematic Trader | Trading Courses | Collin Seow.