CPO Consolidate 6500-7100
Technical View:
1. Bullish bar formed last week, which indicates strong uptrend signal
2. Stochastic K% line crossed up in both daily and weekly chart which indicates uptrend signal
Upon shortened trading week, we expect market profit taking to be continued. Market likely to be quiet and consolidate within range of 6500-7100
Suggestion Trade:
Long if stay above 7100
Target Stop Loss ( support level ) 6886
Target Profit level ( resistance level )
TP1 7314 TP2 7743
Short if stay below 6400
Target Stop Loss ( resistance level ) 6614
Target Profit level ( support level )
TP1 6186 TP2 5757
Disclaimer: Trading Carries Risks.
Happy Trading!! Cheers.
** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **
1. Bullish bar formed last week, which indicates strong uptrend signal
2. Stochastic K% line crossed up in both daily and weekly chart which indicates uptrend signal
Upon shortened trading week, we expect market profit taking to be continued. Market likely to be quiet and consolidate within range of 6500-7100
Suggestion Trade:
Long if stay above 7100
Target Stop Loss ( support level ) 6886
Target Profit level ( resistance level )
TP1 7314 TP2 7743
Short if stay below 6400
Target Stop Loss ( resistance level ) 6614
Target Profit level ( support level )
TP1 6186 TP2 5757
Disclaimer: Trading Carries Risks.
Happy Trading!! Cheers.
** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **
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