Welcome . Quick deal. An opportunity to buy fcpo1. Breakout of the double brick pattern. There is a strong trend. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas, thank yo
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...
Week 41: 05 to 09 October 2020 FCPOX 2020 analysis The price is consolidating at RM2,765 to RM2,800, once the price broke lower/support level, we will follow to short at RM2,740 area. I will look to short FCPOX as the right shoulder had been formed, and the only ingredient left is break-out confirmation. Here is my personal trade: Sell Stop at RM2,741 Stop Loss...
Week 40: 28 September to 02 October 2020 FCPOX 2020 analysis At the moment the price is in the consolidation zone, to make it simple to the naked eye, the price is forming the Right Shoulder. However, please note that there are many variations of the "right shoulder", it can be a straight horizontal channel, diagonal channel, flag, wedge, and ascending...
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...
Week 38: 14 to 18 September 2020 FCPOX 2020 analysis Last week the prices were consolidating in a wedge, it is similar to the Bullish Flag pattern. Therefore today's price was open higher and creating a price gap rather wide. The level to watch is MYR 2,892 If this price level is broken, the price will go higher. However, if it fails to break, then we are...
Week 37: 07 to 11 September 2020 FCPOX 2020 analysis Last week the price broke the resistance level, however it was not a clean break. It means, it was not really a sign to be bullish yet. We are anticipating two possibilities: The key to observe is RM 2,740 - 2,750, we will see the behaviour of Price Action in this area. (1) If the price bounce at RM 2,745...
Week 36: 31 August to 04 September 2020 FCPOX 2020 analysis If you are still holding your LONG position from last week, now it is a good time to liquidate your position. Currently the price is back to our Week 34 position, whereby the price is in the middle of the range, quite close to the resistance level and no momentum at all. The same as the dead silent...
Week 35: 24 to 28 August 2020 FCPOX 2020 analysis This week is a continuation of last week consolidation, the price remains inside the up trend channel. As we are waiting for the price to break the channel, as at today, on the lower time frame we see that the potential to be bullish is higher than last week. This week my personal call is rather risky as the...
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...
Week 33: 10 to 14 August 2020 FCPOX 2020 analysis Last week the prices were ranging in a tight consolidation, our Buy Limit was not triggered yet; my view towards FCPOX 2020 remains the same. Buy at retracement level, hence we minimize our risks. This week trade call similar to last week with a small refinement: Buy Limit at 2611 Stop Loss at 2560 Take...
Week 32: 03 to 07 August 2020 FCPOX 2020 analysis This morning the market open with a gap up and stopped at 2724 (at the same level as previous high). For here on, we better wait for a better signal, because: (1) if the 2725 level is being respected, it means the market will form a double tops. (2) if the 2725 level is broken with a clean break (bullish...
Week 31 (27 July - 30 July 2020) Code: FCPOX 2020 As at today, the price is still within the trend channel, ranging in the middle of the zone. There is no a confirmation to take any actions yet, personally I am quite bearish bias and we should wait for a price confirmation to sell. For an aggressive trader: If today/tomorrow price is closed below 2640, then we...
Week 30 (20th to 24th July 2020) Futures code: FCPOX 2020 This is my first post analysing CPO Futures and I will try to make it a weekly post. Historically 2650 is a good Resistance level to watch and in the past 3 days CPO prices were failed to breached through. RSI Stoch also is starting to bend down, along with a slowing down in Bullish momentum. If you are...