As yesterday,
Sell signal triggered, holding short position
while stop remain at Rm2333 ( upon hourly bar chart closing )
Long position: not occur as outlook was aim to short.
CPO,
CPO price seems 15min bottomed at RM2242. Hit target.
Outlook : Short
Strategy for tomorrow:
if CPO gap up, higher 2310, stay out
if CPO gap up, around 2280, consider short, cut loss RM2310, ( uponly hourly bar chart closing)
if CPO gap down, continue short, but don't add position. market might rebound slightly.
however, we aim CPO profit target on long term basis is RM2100 and Rm1950.
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CPO, short term trading,
ReplyDeleteif not break 2290 + - 5point, sell signal appeared. but high risk position
confirmation at RM2276
CPO first selling signal appear at 2280, confirmation at 2276, resistance seen at 2294.
ReplyDeleteCPO trigger sell,
ReplyDeletecareful support at 2270 and 2250.
if break this 2 level, then see you at 2100 or 1930
CPO, if not break 2275, market might drop fiercely. but 2275 is too near, conservatively, 2287 is better
ReplyDeleteclose eye liao........don't see.......go to have some nice dinner time.......hahaha
ReplyDeleteHi... What is the next CPO support or target please. Thanks.
ReplyDeletelooking at 2209, longer term at 2100 and 1930
ReplyDelete