Wilmar Int. Limited (F34):

Latest update as of 31/05/2017 @$3.54:

• Wilmar International Limited recently announced it's latest updates on Changes to Wilmar Subsidiaries, Associated Companies and Joint Venture Companies.  
• The announcement include as below:
  1) Establishment of subsidiary and joint venture company.
  2) Establishment of associated company.
  3) Change in shareholding in subsidiary.
  4) Change in name of subsidiary.
  5) Cessation of subsidiary, associated companies and joint venture company. 
• For more details information, please refer to sources from:
  - s3-ap-southeast-1.amazonaws.com > WILMAR INTERNATIONAL LIMITED > ANNOUNCEMENT.

Latest update as of 26/05/2017 @$3.65:

Click on the image for enlarge view.  

Click on the image for enlarge view.

• The chart tells the story where buyers who bought on February 2017 and get caught around the price of $3.78 - $3.90 high, started to sell off their stocks on 12/05/2017, indicated by candlesticks bar.The previous buyer tends to either break-even or take a minimal profit and move out from the stocks, after stuck in the stock for about 3 months (bearish trend). With the high selling pressure, it tends to make the price to be a slight bearish and not able to hit the new high breakout. 
• Therefore, the chart shows the price dropping continuously on subsequent days after it reach the high.
• This stock also forms a "Cup and Handle" pattern. With the trends and pattern formation, I would personally consider of entering this stock only when there is new breakout above the price of $3.88. Where it forms an uptrend above the "Handle" of the "Cup and Handle" pattern. 

What is "Cup and Handle" chart pattern?

• The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. A cup and handle pattern on charts resembles its namesake, a cup with a handle. The cup is shaped as "U" and the handle has a slight downward drift. 
• As a stock forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels. Selling pressure is likely to make price consolidate with a tendency toward a downtrend for a short period of time, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities. 
• A subsequent breakout from the handle's trading range signals a continuation of the prior advance. 
• For more details information, please refer to sources from:
  - stockcharts.com >  Chart Patterns > Cup with Handle (Continuation).
  - investopedia.com > Cup and Handle.