Commentary
OSK - Technical Analyzer_FKLI FCPO_20140321_RHB Retail Research
MBB- Technical oscillator indicate oversold levels opposed by slightly lower 1-20 days export numbers reported and a sharp overnight decline in soybean oil values. As a result, sentiment could be dampened in the present time and a Yo-yo price action may be a regular feature until price reaches a solid bottom for the next up cycle.
Price is seen to take another sharp dip to test the nearest support zone between RM 2,730 down to RM 2,720 with nearest resistance pegged at RM 2,780.
Market view: Choppy trading price drift with downside possibilities.
FCPO Daily Commentary - FCPO210314
CHARTS
TF60M
TF5M
Catatan
Trend:
TF 1D : SELL
TF60M : SELL
Buka gaps 7 point (2767.00), arah sell. dibawah indikator TF 5M - MA(21), MACD(8,21,8) dibawah 0 & CCI(20) dibawah 0.
sepatutnya dah boleh ambil position sell. Oleh kerana masih tidak yakin dengan indikator yang dipilih sendiri. rugi tak masuk pos.
Selepas pukul 10.55 am (2748.00), pergerakan mendatar masih lagi trend SELL. naik 2756 jatuh sehingga 2739.00
Jam 3.35 naik sedikit sehingga jam 5.05 jatuh balik sehingga tutup 2731.00
Views – 190
Commentary 21032014
Commentary
OSK - Technical Analyzer_FKLI FCPO_20140321_RHB Retail Research
MBB- Technical oscillator indicate oversold levels opposed by slightly lower 1-20 days export numbers reported and a sharp overnight decline in soybean oil values. As a result, sentiment could be dampened in the present time and a Yo-yo price action may be a regular feature until price reaches a solid bottom for the next up cycle.
Price is seen to take another sharp dip to test the nearest support zone between RM 2,730 down to RM 2,720 with nearest resistance pegged at RM 2,780.
Market view: Choppy trading price drift with downside possibilities.
FCPO Daily Commentary - FCPO210314
CHARTS
TF60M
TF5M
Catatan
Trend:
TF 1D : SELL
TF60M : SELL
Buka gaps 7 point (2767.00), arah sell. dibawah indikator TF 5M - MA(21), MACD(8,21,8) dibawah 0 & CCI(20) dibawah 0.
sepatutnya dah boleh ambil position sell. Oleh kerana masih tidak yakin dengan indikator yang dipilih sendiri. rugi tak masuk pos.
Selepas pukul 10.55 am (2748.00), pergerakan mendatar masih lagi trend SELL. naik 2756 jatuh sehingga 2739.00
Jam 3.35 naik sedikit sehingga jam 5.05 jatuh balik sehingga tutup 2731.00
Views – 190