Wilmar is still in the downtrend, but its downward momentum seems to be slowing down with crucial support at 1.76, a level if broken will mean continuation of downtrend.

The immediate support is at 2.02 though, which was nearly broken today, signaling its determination to stay up. If Wilmar can stay above the 20-day SMA and subsequently break the resistance at 2.75, the signs of bottoming will be more apparent.

From technical point of view, it will be much safer to go long after it breaks above 2.75.