*Trend direction: UPTREND - Price move above our Lifeline (Redline) *Bottom signal ( BT + Yellow diamond) has appeared on 01-Jul, a bottom reversal signal. *Turning points (White-candle) have appeared on 21-Jul, an indication of the price revert to upward direction. *White-Diamond appeared on 15-Jul, an indication of strong momentum acceleration. *Yellow-candle & Bell-alert have appeared on earlier 15 & 24-Jul respectively, the rally take-off signed.
Prediction: Price has broken the pre-high RM0.61 likely it will rally to the next level.
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively). Target Price: R1=0.705-0.73, R2=0.81-0.88 & R3=1.01 Support/Cut Loss: S1=0.53, S2=0.46
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk. *If you are interested in our trading template. Feel free to drop us a message, we are happy to share with you.
Signal's Interpretation: BUY Signal:- *Green-Background = Indication of an Uptrend *BT-Yellow-Diamond = Indication of Bottom signal. *Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal. *White-Diamond = Indication of a strong upward momentum accelerator. *White-Candle = Indication of a strong turning point or a trend reversal. *Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:- *Red-Background = Indication of a Downtrend. *Red-Dot = Indication of Hot-buyer, potentially a Top signal. *Blue-Candle = Indication of Price selling off area.
Trade active
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JTIASA, it pullback and hit our R1=0.705-0.73. Trade remained active as the trend continues moving on the uptrend channel. Look for any pullback as the re-entry point towards the next level resistance.
Disclaimer: This is not a Buy or Sell suggestion but solely sharing information. Trade at your own risk.
Good luck & Happy Trading!
Trade closed: target reached
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In the interim, the Lower-High was sighted on 12-Oct. Likely to form the Head-And-Shoulder pattern at the top. In conjunction with the FCPO price high near to the previous-high (3100 /tonnage), we are stopping this trade, although the overall uptrend is still intact.
Good luck & Happy Trading!
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