I know in some countries, people drink coffee without sugar but in many Asian countries, they like it sweet. Really sweet , haha.
So if you like sugar in your coffee or tea for that matter, you can also make money from it.
Day chart analysis : 1. Price is sitting nicely above 21 EMA . 2. See the 3 green caps - it is the Head and shoulder formation pattern. My small purchase in August initially yields profit but I held it too long and it suffers when the right shoulder caves in. A small loss for me:( In end Sept, it touches nicely on the lower black channel and rebound, moving nicely accordingly to my black dotted line target. I bought some again this month at 14.58 and sitting with a small profit of near $200. Thank you God!
Now, one must not get too complacent and forget the rear view (longer time frame is like the rear view that you have neglected after you drove past). See my blue circle where the price action was rejected at the 50% FIB level? That means, once the current price hits the 16.95 level, it is good to take some profits off the table or move your Stop loss higher to avoid being cannibalised by the high dosage of SUGAR (not good for the heart either).
Oh sugar, sugar , oh honey honey....
So if you like sugar in your coffee or tea for that matter, you can also make money from it.
Day chart analysis : 1. Price is sitting nicely above 21 EMA . 2. See the 3 green caps - it is the Head and shoulder formation pattern. My small purchase in August initially yields profit but I held it too long and it suffers when the right shoulder caves in. A small loss for me:( In end Sept, it touches nicely on the lower black channel and rebound, moving nicely accordingly to my black dotted line target. I bought some again this month at 14.58 and sitting with a small profit of near $200. Thank you God!
Now, one must not get too complacent and forget the rear view (longer time frame is like the rear view that you have neglected after you drove past). See my blue circle where the price action was rejected at the 50% FIB level? That means, once the current price hits the 16.95 level, it is good to take some profits off the table or move your Stop loss higher to avoid being cannibalised by the high dosage of SUGAR (not good for the heart either).
Oh sugar, sugar , oh honey honey....
Comment:
Don't you love this sugar than the real thing ? It fattens your wallet , not your waistline :)
We will re-enter again. Congrats to those who follows !