A bearish Deep Crab formed on the M30 TF. Currently the price is still within the potential reversal zone (Blue Box), it might retest the price of MYR 2352. Oscillator indicator does not indicate overbought zone yet. We shall wait for overbought indication and the price action behave in the blue box. A sell opportunity once the price rejected out of the blue box...
fcpo finally gave a breakout on last friday, breaking through the immediate resistance frm 2400-2420...uptrend continues resistance : 2470 next level resistance : 2580- 2600 support level : 2440 lower support level : 2400 - 2420 pls give a like and follows, thx
just wild guess with baseless argument ... disclaimer mode on short selling addict ....
normally, I dun use indicator as buying or selling signal...juz use them as tools to check trend...try this one, Moving Average-200 day for checking fkli daily chart...SMA works better, but this one juz fine... EMA normally goes with lower timeframe.... leave me a message if I were wrong... look like the bull and bear are still playing "tug-of-war" between...
sideway since 3rd June 2020...market more bias to trending to the downside, but as long as the competition of bull and bear has not shown any edge over the other, sideway market will continue... resistance level : 2380 -2420 support level : 2300 -2320 if you trade trend, this is the time you "die"...either by the untrending pattern or because of boredom...
"2618" means 2 tops or double tops, then follow by retracement back to 618...then usually a downtrend... of course, this is juz a trading idea, no indication of buying or selling... strong resistance : 1584-1600 current resistance : 1560 current support : 1500-1520
possible formation of "head-and-shoulder" pattern in fcpo hourly chart... resistance : 2400 - 2420 support : 2300 lower support level : 2200
current resistance : 1584 current support : 1560 the latest support level is broken, then the idea is to short the market when rebound... of course, this is juz a trading idea...
current resistance : 2400-2420 current support : 2300 lower support level : 2200 the price might come to a reversal region...
FCPO active month current resistance : 2300 current support : 2250 strong support : 2200-2210 waiting for a breakout this is a trading journal, not recommendation of buying or selling fcpo trading
disclaimer mode : on basic argument : just wild guessing with baseless conclusion story build & narrative : - just late phase of downturn on CPO price panic mode in the new normal condition after pandemic scenario (wild guess) - replanting old and mature tree which economic age already reached (old data & facts) ...
FCPO dijangka akan meneruskan pullback terlebih dahulu selepas raya sebelum meneruskan kembali kenaikkannya.
confusing ..... yet .... obliviously hangover idea on CPO MYX:FCPO1! this just an wild guessing and bad idea...& mostly baseless argument #disclaimer_mode_on
Hello dear Malaysian traders, Hoping express that everyone is in good health. The global supply chain is infected, by this pandemic Covid. Every body was asked to stay at home, the workers are stopping from work. And there is no logistics can be done. The crude oil palm demand is also falling. The best is, continue Short / sell with strength of downward...
A bullish butterfly formed in hourly chart (06/04/2020). The price soared & exceed the projected target price 2 to RM 2409. The price is sliding from RM 2409 & it may re-test the projected HOP level for another entry opportunity in the PRZ. Entry - RM 2230 HOP - RM 2188 TP1 - RM 2320 TP2 - RM 2376
truly full of drama ...and saga of CPO throughout region.... just speculate and funny post, no detailed explanation and wildly guess #disclaimer_mode_on
Yesterday's CPO has dropped due to the drop on the sales result. Expect to rebound today. Current: Still under downtrend Expect to rebound and continue to drop Long - at market open, TP before 2550(wait for retrace if manage to TP), CL 2430 Short - if break blue trend line *This are my own trading plan, no intention to ask reader to buy/sell. Share with me...