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Fcpomalaysia

FCPO 17 Feb 2023 : Continue uptrend or consolidate?Yesterday : 1. SnR : Price sustain above the RbS level. 2. Channel : Price respect uptrend channel 3. MS : Price make uptrend structure Planning for Today? 1. SnR : Price may test nearest supply level around 4100~4120 2. Market Structure: For now BUY MS is still intact. Monitor if the price breach MS. 3. EMA: Price still not tested EMA50. Today's price may be consolidated to test EMA50 4. MACD : We see a possible bearish divergence. But it can be retracement only unless the price breakdown buy MS.
MYX:FCPO1!
by ArifHasbollah
FCPO 16 Feb 2023 : High Demand?Yesterday : 1. Price able to break down uptrend channel. However, the support area is still holding up. 2. Maybe the price did reaccumulate again before the gap-up today. Today : 1. Price gap up due to high demand following SBO demand. 2. Price so far sustain above the supply zone. 3. Price still not yet at the immediate resistance level. If breaks above, possible to reach the next resistance level around 4100. 5min : 1. SnR: Price break previous resistance level and sustain above it 2. Market structure: The morning session price is able to make an uptrend structure. 3. EMA12 is above EMA50 : Uptrend 4. Price respect EMA12: Uptrend. This is an entry opportunity today. If price breakdown MS, the possible larger pullback to close gap. Monitor if price able to break EMA50
MYX:FCPO1!Long
by ArifHasbollah
FCPO 14 Feb 2023 : Price breach downtrend channel?1. Channel/Trendline: Yesterday price retest and reject mid-channel before going up to test the upper channel. This indicates strong buyers in the market because not allow prices to go lower channel. 2. SnR: Price plays in the support zone area and is still not decided yet on the direction. 3. Fibo: Price rejects 236 fibo level indicates sideway market still in play. The price might go lower to the 786 level if not able to breach and sustain above the 236 level. 4. MACD: There is no interesting divergence yet. We only see green divergence indicating uptrend movement in play.
MYX:FCPOJ2023
by ArifHasbollah
FCPO 10 Feb 2023 : Bearish divergence in progress?1. SnR: Price not able to sustain above resistance zone 3994. This indicates a strong seller 2. Channel/Trendline: Price break up trendline - Indicate sideway/change direction. 3. Oscillator: MACD from yesterday shows a bearish divergence Expectation : 1. Price will continue bearish momentum until at least close the previous gap. Trading plan as usual : 1. In Early morning, monitor the nearest possible SnR 2. Monitor EMA12 1min TF for entry
MYX:FCPOJ2023Short
by ArifHasbollah
FCPO 9 Feb 2023 : Bearish Divergence?30min TF : 1. Price break resistance and test supply zone and push back below the resistance. 2. Price break uptrend channel. Indicate SW for 30min or change the trend. 3. MACD shows bearish divergence. If the price goes for bearish divergence, possible to close the gap and target to be around 3860. 5min TF : 1. Price crosses EMA50 : Sideway/Change trend 2. EMA12 crosses below EMA50 : Downtrend. Expect price sideway before continue direction.
MYX:FCPOJ2023Short
by ArifHasbollah
FCPO TRADING : 328) a possible short rebound? this is haidojo and the number is 328 ... A brief review of the whole June month, we could see that fcpo-Aug22 and fcpo-Sept22 were faced with a great fall or a heavy rollover all-the-way down frm RM6k ++ till yesterday, when the price had fallen below the RM4k borderline, a full 2000-pts ++ drop, marking the end of the era of RM4k, which started way back in July 2021, last year. As the hyperinflation has reared its ugly head again and threatening the whole economy of the planet, Bank Negara Malaysia (BNM) had made a drastic decision last night, by increasing the interest rate to 25 basis. Fcpo-sept22 hit the bottom at 3740 on 6th July 2022 after the announcement of hike in opr (overnight policy rate) by 25 basis to currently 2.25% by BNM, and most of the economists are expecting another increase of interest rate is imminent in September this year. So, folks, fasten your seat belts and ready for the roller-coaster ride! As what is happening today, fcpo-sept22 is heading for a rebound and it is difficult to judge whether the rebound is authentic or juz a false one, which is well-known as the fake "bull-trap". Also, as I have seen most traders are putting their analysis on the boards, so I wanto put mine too...(hehe, juz "busy-body"). Here is what I think might happen or somethg to watch out. fcpo-sept22 will face first wave of selling at the resistance level at 4180 and if it falls frm here onwards, then we have bear confirmed...and no second thought on that. However, if it still seeks to rebound further passing that 1st resistance level at 4180, then we shall see some heavier sellers at the range of 4380-4480 , the higher resistance level and also the critical ones, since if the price shoots higher frm this, THEN we might have a reversal..."bullish rotation" is said to be happening and we might wanto turn into buying/long. Till then, if the price is ransacked here and pull down making a rollover all the way down, THEN we shall still see it as a temporary rebound and BEAR still wins. There is a bit of information overload today. Hence, you might want to get a hard look at this for a gud sense. That's all for the update today. **plan your trade and trade your plan... gud luck** overhead resistance : 4074-4100 (happening now? wtf?) resistance : 4180 (my expectation of 1st wave selling) higher resistance : 4380-4480 (critical resistance, deciding Bull/Bear) current support : 3880 lower support : 3480 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , cryptos, warrants, CFDs, spreads, options or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD… any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… this is not a signal service channel and DON'T TREAT IT LIKE ONE! TRADE AT YOUR OWN RISK!
MYX:FCPO1!Short
by HAIDOJO_trading
2
Can CPO Sustain Above 4500?Palm oil plunged as expected last week. Market hit weekly low at 4567 and closed at our 1st resistance level. Main reason of the weakness in CPO market due to the uncertainties over the impact Omicron coronavirus variant which dented demand for CPO. Technical view: 1. Immediate resistance level: 4700-4730 2. Stochastic level= Sell Signal remain Suggestion Trade: Initial Short position Stop Loss at resistance level: 5000-5100 Target Profit level (support level) S1 4500 S2 4385-4400 S3 4200 Disclaimer: Trading Carries Risks. Happy Trading, Cheers.
MYX:FCPO1!Short
by happytrading96
FCPO Another Re-accumulation towards RM5480Happy Deepavali to all Hindu fellows... This is UCL Posting :D 1. The last accumulation hit our conservative TP and currently making a new re-accumulation phase with a triangle pattern. 2. If the price can close above 5090 there is a chance the price will continue the uptrend 3. or else possible downwards movement to form spring formation. 4. Notice massive selling volume on 2 Nov might indicate seller close all their position to enter buy. 5. Price do make higher high.
MYX:FCPO1!Long
by ArifHasbollah
FCPO JAN2022 Contract outlookAs we generally know that CPO products usually have a bullish trend towards the end of the year due to short supply for any reason. Therefore, if the price is still in bullish momentum, there are multiple possibilities. New contract price range (FCPOF2022) Possibilities : 1)If the uptrend is still strong, the JAN2022 contract will try to break higher and close beyond the trendline. 2)If today's price is still sideways, we are looking for a possible fake breakout/rejection for an uptrend. 3)If price valid breakout support, possible downtrend or retracement
MYX:FCPO1!
by ArifHasbollah
FCPO 13 Oct 2021 : Re-entry Sell EMA14Yesterday closing market setup. Trading Plan : 1. Setup : EMA14<EMA50 = Sell trend 2. Signal: 15min Price retest EMA14 3. Confirmation: 5min Bearish Engulfing 4. Entry: at least 50% bearish engulfing body CS 5. SL: 10tick above retest CS 6. TP: 15min support area / if there any rejection If today price open above EMA14 consider the market sideway with this possibilities : 1) Test EMA50 2) Test Resistance (R1):4900 and Support (S1):4849 Notice price is closer to the major uptrend line. Price may break the trendline or reject the trendline to continue bullish momentum. Trade.At.Your.Own.Risk (TAYOR)
MYX:FCPO1!Short
by ArifHasbollah
FCPO 12 Oct 2021 : Breakout EMA501. Yesterday 15min CS have a reversal pattern with bearish engulfing @ 5min TF. 2. Today's price has a valid breakout of EMA50. there are 2 possibilities when price breakout EMA50 : i) Bigger sideway range ii) Continue downtrend 3. Signal: 1st pullback after a breakout 4. Entry: After bearish engulfing @5min + 15min Bearish engulfing 5. SL: 10tick above highest pullback CS. 6. TP: target support area / until 15min have reversal CS. TAYOR
MYX:FCPO1!Short
by ArifHasbollah
FCPO 6 Oct 2021 : Retracement or Continuation?1. FCPO ATH might be due to multiple factors such as manpower shortage and rainy season. Supply is not enough, demand still consistent and drives the price to go higher and higher. 2. Price almost reaches 161.8% fibo extensions. 3. PnF target is around 5113 still further ahead. 4. Price reject Gann level 4831 multiple times Condition : 1. If price close below EMA50@5min / EMA14@ 15min possible retracement. 2. If the price closes above Gann level 4866, possible price go higher.
MYX:FCPO1!Long
by ArifHasbollah
FCPO 30 Sept 2021 : Break ATH or reversal?1. Based on analysts, the current price is not sustainable 2. Price almost reaches ATH before decide to break higher or lower. 3. Price consolidation for a couple of months can be reaccumulation or distribution. But based on previous spring formation and LPS indicate strong buyer. Strategy: For Buy..Wait for the price pullback to 4480~4490 range..Why? 1. Possible resistance become support 2. Gann level at 4490 3. Possible reject EMA14 for 15min TF 4. Minor up trendline for support 5. Fibo retracement level 38.2 For Sell : Wait for false breakout ATH
MYX:FCPO1!Long
by ArifHasbollah