still in consolidation of "head-and-shoulder" patternthis is a continuation of the previous analyst...the formation of "head-and-shoulder" is still in making...nothg much to expect...onli 2 points :
resistance : 2474-2480....
breakout frm this one to form New Structure High indicates movement to the upside...
support : 2300 or the "Neckline"...
going lower than this point indicates movement to the downside...
lower level support at 2200 - 2250...
other than that, playing within the range might spark some real risk...gudluck and gud trade...
Fcpo!
sideway move after a few days of strong upside -fkli july-for those who have followed me for the last 2 episodes of fkli predictions, I hope you guys have made some profit..If you haven't dun wori, the market is alwaz thr...A BIGGER question is " Are you ready?" ...as the saying goes, "opportunities await for those who are well-prepared"...
-after witnessing a strong rally uptrend which started last week, finally we see some softening down today...it could be juz a "knee-jerk" reaction of the traders taking profits after some time, or a real reversal has happened...anyhow, reversal is too early to say...
current resistance : same as the peak on 9-11th June 2020, 1580-1587...
lower support : 1540
strong support : 1480 -1500
if you haven't read my last 2 episodes of fkli, pliz check the links below ...
gud luck and gud trading folks...
FCPO TRADING : 97) BULL TRAP = FALSE BREAKOUTHI, this is haidojo trading in trade 97)...juz little update connecting the mid-day...as long as the support level at 2625 is not broken, uptrend persists...but what had happened early in the morning was something typical, yeah...it is called a false breakout...if you trade breakout, then this is somethg u shall pay attention to, if not, juz remember losing is part of the games..."market has the tendency to do whatever it wants, whenever it wants"...we as a trader can onli pick up the time when we have some edge over the market...that's all...
overhead resistance : 2690-2700 (psychological number)
higher resistance : 2760...
support : 2625-2630...
lower support : 2560
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
July22 - CPO (1H) - Weakening Momentum, Sideways-to-Up SituationStrong rally, as price continues to break higher, momentum has been weakening since July15.
Thus, may see some sideways consolidation ahead, before market decides its next major move.
At the moment, still early to set the boundaries for potential sideways move ahead,
For now, potential range between 260x-270x, or wider, will update as price develops. :)
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
FCPO TRADING : 96) mid-day update, bullish sentiment remainsthis is juz a brief update...trade 96) frm haidojo trading...a break abv 2690 has proven that bull is still intact...bullish sentiment remains...
resistance : 2760
support : 2690-2700
lower support : 2625-2630
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FCPO TRADING : 94) POSSIBLE FORMATION OF "HEAD"
hi, this is trade 94) frm haidojo trading...ok, this is not the common head in "head-and-shoulder" pattern...but it is the "head" in a trend...
at least temporary reversal of trend...but in order to confirm a reversal, it has to form some kinda gap down...or hovering in tight range for at least another day...another thing is, 2 things happened today...1) the resistance 2691 is hit today (yes, look at the pinbar)
2) support region, 2626-2630 is tested today...
in order to reverse the bearish sign, the resistance 2690 has to be broken to confirm the continuation of uptrend...
higher resistance : 2690-2700
current support : 2625-2630...
lower support : 2565-2575
critical support : 2517 -2520
market might have come to a resistance level and likely to have reversed...
PS : I forget to put in the chart, thr is a bearish divergence in the chart...sori...
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
top 20 jewel series of malaysia stocks : AME elite consortiumtop 20 jewels frm a very popular local bank...
fundamental : I don't know...
technical : let's look at some price action...
AME is newly listed in 2019, not quite much movement yet...basically, it is in sideway trend...now it has come to a critical level at RM1.70 support level and has been hanging there since May...lingering abt 1-2months...if the support level holds, then it shall retest the previous high at RM1.90-2.00."The Big Fall" in mid March this yr sent it to the new low at psychological level at RM1.00...
current support : RM1.70
lower support : RM1.30
strong support : RM1.00
resistance : RM 1.90-2.00
waiting to see if the current support RM1.70 actually holds or not...risk-takers can buy little bit here...and set SL abt RM0.10 below it...
risking RM0.10 to gain a possible RM0.20-0.30 seems to be a gud risk reward...
WARNING : this is juz a trading idea...trade at your own risk!
plz like and share...
a higher chance of long position fkli julyas you can see, the purple line indicates an uptrend going on...
current support : 1540
1st tp 1560
2nd tp 1580-84
SL : somewhere around 5-10pts below the support level of 1540...depends on ur account size...
**this is juz a trading idea, dun trade it if it is not part of your plan...trade at your own risk
if you like this content, pliz like and share...leave a comment is fine too...
trading a possible formation of "head-and-shoulder" patternthis is a fcpo trading
we can actually use the structure formation to involve in our trading...for this example, we can use the formation of the right shoulder as a structure level to short the market...the neckline is possible to be formed at 2300, the psychological and strong support level...a breakout of this level will mark a turn to the downside...
resistance : 2367-2400
support level : 2300
this is juz a trading idea, trade at your own risk...
pliz like and share...
reminiscence of the previous chapter - fcpo tradingafter the retest of 2420 as earlier predicted, the price dropped back to 2300 and a small rebound occurred...now is the formation of "head-and-shoulder" pattern and a possible boring sideway market again...until some of the important levels are broken...either to the upside or downside...this is fcpo-sept...
currect support : 2300
current resistance : 2367 - 2420; this is the range where possible of a right shoulder is formed
higher resistance : 2470-2474 ; the formation of the head....
pls share and like
a possible reversal signal _ formation of "lone island" today we saw a formation of a classic reversal pattern which is called "lone island" in both hourly and daily charts...this could mark the end of the recent uptrend and reverses to downtrend...
current support : 2400
lower support : 2300
resistance : 2420
FKLI TRADING : 93) deep bullish gartley patternhi, everyone...this is trade 93) frm haidojo trading...a possible formation of a deep, bullish gartley pattern in hourly chart, fkli...
"consolidation breeds advanced pattern", so the saying goes...but of course, if you don't trade advanced pattern, or you never even heard of that name, PLIZ...STAY AWAY...a possible leg D completion ranging frm 1667-1660 kill zone...SL can put a few points below 1660...
1st tp 1587, 2nd tp 1600...pretty gud risk reward...
WARNING : this is juz a trading idea...thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING :92) BULLISH CYPHER PATTERN hi, this is haidojo trading in trade no 92)...a possible formation of bullish cypher pattern with leg D completion at 1512-1518...
yeah, I know...it is too early too say...so juz KIV...(Keep In View)
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 91)formation of "head-and-shoulder" patternthis is trade no 91)...haidojo trading here...we are right at the support level now, 1587-1594...
the neckline is range frm 1550-1560, as long as this neckline is not broken, uptrend still persists...However, as lower-high and lower-low are formed, then higher possible that the price is moving downside...
higher resistance level : 1616-1620
immediate resistance : 1608-1610
so now , it is either sideway or reverse...unlesss 1620-previous high is broken, then onli uptrend is confirmed...
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FCPO TRADING : 90) one-day of sidewaypay attention to support level : 2625-2630...
resistance level : 2690-2700
watch out for gap down go down scenario, whr a possible reversal signal has been formed...
lower support level : 2580 -2560
fcpo-oct still on uptrend, temporarily no reversal signal yet...
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
bracketing the market again...waiting for breakoutfcpo has yet come to a tight range consolidation...as I am a breakout trader, I am anticipating a breakout to either side, upside or downside also will provide some trading opportunity...
current support : 2420
lower support : 2400
current resistance : 2470-2474
lower highs are formed for fkli_junenot looking gud for fkli as more lower-highs are formed in hourly chart...IF the breakout of 1486-1490 happens, we shall see more selling pressure...the gud news is, june is " windows-dressing" month...so probably we will see some uplift during the last few days of the month..
immediate and critical support : 1486-1480
immediate resistance : 1515 - 1520 depends on SMA-200
strategy : short on rebound or wait for breakout of 1486 support...
FCPO TRADING : 85) a possible false breakout...hi, this is trade 85) frm haidojo trading. fcpo-oct has emerges and becomes the new active month...so if you have traded fcpo long enuf, u must know then onli trade the third active month...the resistance 2560 has officially not broken yet...so we wait for :
1) IF the price move back to retest the 2560 and failed, THEN we have a Double-Top formation, indicating short
2) IF there is a gap down today or tmr, THEN the 2560 candlesticks yesterday has become a "lone island", forming some kind of head...so we can still go for short...
3) IF price juz settles calmly near 2474-2480...THEN rebound...go for long, nothing has changed...uptrend persists...
support level : 2475-2480
resistance : 2560
higher resistance : 2630
WARNING : this is solely for educational purpose onli, it is not an indication of buying nor selling therefore trade at your own risk...
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