FCPO 13 Feb 2023 : Sideway/Continue downtrend

By ArifHasbollah
Updated
30min view :
1. SnR: Price rejected the test support area and try to cross the resistance area. However not sustain above the zone.
2. Channel/TL: Price overshoot the TL but is not sustainable to go further.
3. MACD: still not shows an indication of bullish divergence even though green MACD already happening.

5min view in the comment

Comment
5min : price had given us re-entry point when reject and retest EMA12
snapshot
Comment
Price rejects mid-channel
Price Cross EMA50 = Sideway/change direction
Bullish divergence
snapshot
Comment
Buy or Sell?
Price reaches top offset channel.
1min have bearish div. but not confirm until break lower than 3912
So far price still not break important resistance level yet. no bullish view yet
snapshot
fcpoFCPO1!fcpodailyfcpomalaysiafcpotraderTrend Analysis

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