CPO price consolidated past 1-2weeks, supported above UTL & major EMA , bulls took back control by end-Jan. Staying >320x-2x support will see price attempt to regain 3500 & 3600 resistance levels. Expect volatile sideways-up situation for coming 1,2weeks till market resume after CNY 🧧🏮 🔔 Overhead Resistance: 344x-9x, 354x-8x ❇️❇️Longterm Outlook: R2 tested,...
his is haidojo and the number is 260 ... a possible formation of bearish gartley pattern near the resistance level- yes, this is called "deep gartley" pattern... entry 3480- 3494, SL abv 3500, 1st tp 3370, 2nd tp 3305... another one is ....? dunno yet, but possible another gartley pattern or bat pattern...but a bullish one... so this one stays put first... so,...
his is haidojo and the number is 259 ... fcpo-apr shows another round of sideway market now...so what to do now is bracketing the market... set up the high---resistance and the-low---support... then in the middle what might happen is formation of advanced pattern in between... (the one I draw with yellow-color)... if the price breaks higher than the resistance-...
this is haidojo and the number is 251 ... as for what has happened today is...a glimpse of possibility of reversal of the trend... Why I say that? I saw the first sign of reversal ----which is bullish divergence in hourly chart/timeframe... but all counter-trend traders, hold your horses first, it is not that simple...I don't mean that fcpo-apr will reverse tmr...
Technicals Major S: 3.6-3.7k (nearest support) ; 3.2-3.4k (prev consolidation range) Major R: 3.8-3.9k ; 4-4.2k ; 4.4k (ATH) ; 4.8k (Weekly breakout projection) 👇🏻 Prev idea on potential CPO New Bull Cycle: 👇🏻 Dec Bullish Call on CPO: 🔔 Q1 Risk Factor to Watch: Covid, Reinstating/further extension of MCO , Political instability (Malaysia), US...
CPO price consolidated past 1-2weeks, forming a nice launchpad towards higher price levels -- Bullish Flag pattern. 🚀🚀 Price still running in a mid-term up-channel, with an upside target zone: 3.5-3.6k & 3.7k ; similar to which suggested by the flag. 🔔 Overhead Resistance: 3.4k, 3.5k, 3.6k, 3.7-3.8k ❇️Prev idea still largely intact, only now with added...
Bulls taking a breather as active contract move to Feb2021. Major S: 320x-6x >> Watch if hold on test... If support hold, Look for rally towards R1-R3: 340x-5x, 350x-5x, 360x-5x in about 2weeks time. ;) I've been on Long since turn Nov, check out my many other social platforms for latest charts & market updates. 🔔⭐️ Check out my prev post on a Major CPO...
Currently, MCX Crude Palm Oil (CPO) shows an uptrend. By following the ADX, we can say that the trend will rise because ADX is greater than 25 (ADX>25) , and +DI is above the -DI . Let's have a look at the volume. Volume spikes double of the average, so this also shows an uptrend, and it will go to the 900 - 920 - 960+ . Right now, the trend is crossing the...
Week 45: 02 to 06 November 2020 FCPOX 2020 analysis The price had been rejected two days in a row and not able to go beyond RM3,300. Weekend gap had been filled and if there is no continuation in the momentum, there is no reason for the price to go higher. This is a good opportunity to Short the market with a lucrative RRR. Here is my personal trade: Sell Now...
Weekend Market Updates & Analysis 25 Oct 2020 Note: If you would like to receive this the latest updates immediately without 3 days release, please search for my site Palm Analysis. Recap 1) Let’s start the report with a review of last week’s update and market conditions. You can read last week’s report by clicking here: Weekend Market Update – 18 Oct 2020 |...
Price oscillating within wide 12-15% flat sideways range. 🐻🐮 From here, more likely to retest range lows: 2700 ; 2600... 📉 Watch for potential breakouts from range❗️ Happy Hunting! 🥂🚀 -jk-
Bounce reached ~304x R-zone previously mentioned. Didnt manage to test the 3100 highs. Didnt get to capitalise early on the current plunge from 30xx highs, tbh was expecting a milder retracement. And we got a sharp plunge instead, thus potentially a large sideways range in play, before continuing the monthly bullishness. Major Support: 2600-2700 ; ~244x ...
Did a video update, following up on previous CPO idea posted, check it out on my other social media accounts. Meanwhile, we have turned Bullish since S@2700 holding last week. Immediate R: 287x-9x taken, now turned support. As long as price stays above both UTLs, we are likely to retest prev HH near R2: 304x-8x area. Meanwhile, if we continue to stay above the...
We're dealing with a MAJOR SIDEWAYS situation here, seeing the steep Up & Down swings & abrupt reversals between 2.6,2.8k --- 3.0,3.1k. 2.6-2.8k is KEY SUPPORT area on Weekly, price likely to consolidate within this zone, before deciding its next major direction. Long-term view, currently favoring UP, as long as S2 holds. Happy Hunting! 🥂🚀 -jk-
Week 39: 21 to 25 September 2020 FCPOX 2020 analysis Despite the bullish momentum is very strong, personally we can short FCPOX2020 with a very good Risk Reward Ratio. We only need to risk RM24 to get RM336, that is 14R. Again, this is a risky move as we are trading against the trend, but, this is a worth trying. Here is my personal trade: Sell at market now...
I just did a long-term analysis on Bitcoin, which yielded a similar outcome -- long term Bull Cycle. Fundamentally, I'm suspecting this is a signal for what's likely to come next -> High-Inflation or Hyper-inflationary era due to overprinting of USD (global reserve currency), which is typically marked by inflated food/soft commodity prices , & a capital flight...
Disclaimers mode on This report was prepared by prank guessing and joke intended. Information and opinions contained herein have been compiled in bad faith and from sources believed to be unreliable, but such information has not been independently verified and me make no guarantee, representation or warranty, express or implied, as to the fairness, accuracy,...
August sideways box, ranging roughly btw 2600-2800 zone has been broken, and recent test shows price chosen to stand above it aka bullish. Immediate resistance is near, R1 @ ~289x-291x ; while new support is formed, S1 @ ~278x-280x . Sideways-Up situation for me... Staying above immediate UTL, L1, may send price higher above >2900 Else, we may be in another...