This analysis was made for training/educational purpose only. Shall you follow or not **Trade At Your Own Risk**
This analysis was made for educational purpose only. Shall you follow or not **Trade At Your Own Risk**
**This analysis was made for educational purpose only. Trade at your own RISK.
Cup and Handle pattern formation. ** Trade At Your Own Risk TF : 15mins
Looks like FCPO is at the 4 hour timeframe support level. If viewed in terms of fibonacci retracement, it is likely that the price will go down.
1. Uptrend market structure with completed Elliot wave 1~5. 2. Price reject EMA100 3. Fibo retracement 38.2 4. Next week earning report might boost the volume.
1. Uptrend market structure with waves 1,2,3 and now wave#4 2. Testing EMA200+EMA100 3. Analyst TP RM1.40 and now upgrade to RM1.75 4. FCPO in re-accumulation phase possible breakout ATH.
Week 34: 17 to 21 August 2020 FCPOX 2020 analysis If you are following last week analysis, we were bullish for FCPOX 2020. However, this week the price is exactly in the middle range which is risky for us to trade. The current range is around RM 200 with an immediate resistance at 2725. This week no trade call, as the Risk Reward Ratio is only 1R, practically...