Wilmar International Limited (F34.SI) is showing early signs of strength after an extended period of consolidation, with prices stabilising above the rising 200-day moving average and beginning to transition into a more constructive trend. In the shorter term, momentum has improved, with price reclaiming the $3.60 level, which now acts as a key support zone. The stock is currently approaching the $4.00 psychological resistance, where recent price action has begun to consolidate just below this level. This suggests a healthy buildup in structure, with three consecutive 1GT Bullish signals reinforcing the view that buyers are stepping back into the trend. As long as prices hold above $3.60, a sustained break above $4.00 could signal continuation toward the next resistance at $4.40.

This setup comes at a time when the broader Singapore market remains constructive but measured, with the Straits Times Index holding above the 4800 level amid ongoing macro uncertainties. While export growth has moderated and global risks persist, underlying demand in key sectors such as commodities and consumer staples remains resilient. Within this environment, Wilmar’s improving technical structure may begin to attract attention as it transitions from consolidation into potential expansion, with the $4.00 level acting as a key near-term trigger for direction.

Wilmar International Limited (F34.SI) is one of Asia’s leading agribusiness groups, with operations spanning oil palm cultivation, edible oils, food products, and commodity trading across key markets such as China, India, and Southeast Asia. The company’s vertically integrated business model allows it to capture value across the entire agricultural supply chain, while its exposure to consumer staples and food demand provides a degree of earnings resilience across different market cycles.

From a long-term perspective, Wilmar’s price structure has begun to improve after an extended period of consolidation, with prices stabilising above the rising 200-day moving average. 

This suggests that the trend is showing signs of transitioning into a more constructive phase as longer-term buyers gradually return to the market.

In the shorter term, momentum has picked up more clearly, with the 20-day moving average starting to slope upwards, reflecting improving price strength. 

Price has recently pushed above the $3.60 level, which is now acting as a near-term support zone, indicating that buyers are beginning to defend higher levels. 

The stock is now trading below the key $4.00 psychological resistance level, which has capped price advances previously. 

The consolidation below this level indicates a healthy price structure, with the potential for further upside if prices manage to break above it.

More importantly, three consecutive 1GT Bullish signals have emerged in recent weeks around the longer-term moving averages, highlighting areas where buyers stepped into the market as the trend began to turn. 

As long as prices continue to hold above the $3.60 support level, the current setup suggests that bullish momentum is building within the broader structure. 

A sustained move above the $4.00 level could act as a key trigger for continuation, opening the path toward the next resistance around $4.40.

So, how does one take a position in Wilmar International Limited to ride the uptrend further with lower initial capital outlay?

For illustrative purposes, investors who are thinking of participating in the potential short-term upside toward $4.00 can consider leveraging on the share price move via Wilmar call warrants. The warrants cost less than the shares and are not subject to margin calls.

Macquarie has a tool known as the Warrant Calculator to help investors estimate their returns with warrants versus the underlying share, as well as the maximum holding period if one were to purchase the warrant.

To use this tool, one needs to have a target entry, exit/cut loss view on the underlying share. The calculations are performed on trending Wilmar call warrant Wilmar MB eCW260630 (ZFIW) (https://warrants.com.sg/tools/livematrix/ZFIW)

Assuming an investor wants to get into a bullish position in Wilmar only when the stock crosses above $4.00, they can enter that stock entry level under the “Underlying price entry” field sitting below the “target entry variables” column.

Assuming this happens on the day you are using the Calculator, the price of the warrant will be approximately $0.024:

Warrant Calculator: type in your stock entry level and adjust the date to an entry day

To find out how the warrant would perform if Wilmar moved to the next resistance level i.e. your target exit level in the stock, type in $4.40 in the “Underlying price target” underneath the “Target exit variables” column on the right. Move the “Date” slider to observe the warrant price change:

Warrant calculator: warrant produces 66.7% gains with 61 days holding period should stock move to $4.40 price target

Assuming Wilmar moves 10% higher from $4.00 to $4.40 in 61 days/2months later, the warrant bid price will increase 6.7 times more, that is, gain 66.7% from $0.024 to $0.040, subject to all other factors remaining unchanaged.

Investors should also note that leverage works both ways. Warrants provide geared exposure to an underlying asset and while this amplifies gains, it equally multiplies losses which means a small drop in the underlying share price can cause a much larger percentage loss in the warrant's value.

Should the stock head back down from your $4.00 entry price toward $3.60 (-10%) instead of going up 10% toward $4.40, the warrant would now fall 83.3% to $0.004:

Warrant calculator: warrant produces magnified losses of 83.3% with 61 days holding period should stock move down to $3.60

It is important that warrant investors enter and exit from the warrants based on their entry/exit/cut loss levels in the shares. Warrant holders who do not cut their losses in the above example, and hold onto the warrant beyond its last trading date of 23 June 2026 for this Wilmar warrant, may end up losing their whole capital and receive zero value at expiry should Wilmar shares fail to achieve a final settlement value above $3.80 at expiry.

Before investing in the product, investors should familiarise themselves with the product features and risks and carefully assess if the product is suitable for them.

The sharing on how one can take a position using warrants has been contributed by Macquarie Warrants Singapore who is the issuer of these warrants listed on SGX.

Joey is Singapore’s renowned mentor on how to make an income by trading the stock market, an author and one of the most-watched, quoted and followed stock trading trainers in Singapore. Over the years, he has conducted numerous full house seminars, enriching thousands to trade more profitably. 

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