CHAROEN POKPHAND INDONESIA
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IDX : CPIN Still in BIG SIDEWAYS 6000-6750

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CPIN Daily Chart Movement

CPIN is in rally after break the base resisten and multiple rejection, but there is a minor correction to support area 6050-6150 (Support / Multiple Rejection) or what we called it RE-TEST Support
After that the price will move to the next Resistance or Take Profit Area (6700 area)
Trend still on the Big sideways
Stochastic Momentum Overbought and thats mean there is a chance that the Rally will hold for a short time

Buy Area 6050-6150
Stop Loss Area 5950
Take Profit Area 6700

Disclaimer ON
Trade chiuso: stop raggiunto
the price not going like i predicted and hit the stop loss area at 5950.

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