SirPoji

SirPoji

Entry - Buy at lower Donchian channel @1896.50 Exit - Sell at upper Donchian channel @1986.50 Set stop loss below entry with 1:2 risk:rewards ratio @1851.50 Potential profits = USD90 Potential loss = USD45

SirPoji

During an uptrend, the market builds strength on a long white candlestick. The second candlestick trades within a small range and closes at or near its open. This scenario generally shows an erosion of confidence in the current trend. Confirmation of the trend reversal is the black third candlestick. A gap between the second and the third bodies is not a must.

SirPoji

This spells trading opportunity for us as Palm Oil and Soybean Oil are generally considered substitute products, which means, at a large enough price difference, buyers may hop over to buy the cheaper one. Eventually closing the price gap back to its historical mean. Some potential tailwinds for Crude Palm Oil include; 1) The reopening of China, which would...

SirPoji

MACD EMA 12; 26 Signal line EMA 9 MACD >0 ; Bearish Divergence MACD BELOW SIGNAL LINE (Bearish; Sell Signal) Offsetting (Long LMT (TP1 +8% & TP2 +9%) Offsetting (Long STPL (Stop Loss -8%)

SirPoji

Open Long Buy (STP) @RM4313 Close Short (LMT) @RM4405 OR Close Short (STPL) @RM4272 Potential Upside = (4405-4313) X 5 X 25 = RM11,500

SirPoji

Short FCPOG23 4272 Target Price 4008 (BB Lower) Stop Price 4579

SirPoji

Current Price = 4072.17 💲EMA 20 = 4048.62 (below CP, Buy territory) 💲SMA 20 = 4022.81 (below CP, Buy territory) 💲SMA 50 = 4249.27 (above CP, Sell territory) 💲SMA 200 = 4450.25 (above CP, Sell territory) 💲Bollinger Bands = Middle Band SMA 20, 2 SD (4022.81) (below CP, Buy territory); Overbaught (4196.95); Oversold (3848.68); 🚀 Overall sentiment = 1. Go Long for...

SirPoji

Quick Ideas Chart Patterns on Maybank Flags signals. price to surge up. SMA 20, 50, 200 below prices signal a strong buy

SirPoji Updated 

Bullish pennants are continuation chart patterns formed after strong moves and appear in a bullish market. Just like its name suggests, it signals that bulls (buy side) are about to go a-chargin’ again. Because of this, the price usually consolidates and forms a tiny symmetrical triangle, which is called a pennant. The sharp climb in price would resume after...

SirPoji

A double top is a reversal pattern that is formed after there is an extended move up. The “tops” are peaks that are formed when the price hits a certain level that can’t be broken. After hitting this level, the price will bounce off it slightly, but then return back to test the level again. Entry order & position to take With the double top, we would place...

SirPoji Updated 

In the chart, we can see that two peaks or “tops” were formed after a strong move up. Notice how the second top was not able to break the high of the first top. This is a strong sign that a reversal is going to occur because it is telling us that the buying pressure is just about finished. With the double top, we would place our entry order below the neckline ...