Play Wilmar for results on Nov 11

Wilmar is seen turning up from its lower band of the uptrend. Stochastics is also turning up.

Wilmar remains one of the few suitable longing candidates left. There are several reasons calling for a play on Wilmar:

1. It is reporting results soon.
2. CIC had shown interest in the firm.
3. It is listing its China assets in Hong Kong through an IPO late next month.

Here's the plan:

Buy 2 lots at 6.51
TP1: 6.91
TP2: 7.71
SL: 6.11

Potential Profit: $1600
Potential Loss: $800