Wednesday, August 18, 2010

Thursday Trading Tip: Downside Correction

Assalamualaikum....

Hi traders,

CPO ended lower today at 2610 lvl with high volume traded. Strong bearish tone took place the whole day making the CPO to test 2590lvl. CPO may downside correction tomorrow if open < 2620-2590 and close < 2600. But it may upside if open > 2650-2660 and close > 2660. If CPO breaks 2595lvl, the downside biased may significant towards 2560lvl. However major trend is still upside biased with temporary correction. Please be careful with your position...

Just my 2cents

Happy trading

Wassalam... 

2 comments:

  1. Wslmm, smlm saya LONG kt 2620.. huhu tp sy ltk stp loss smpai arinih kat 2600. Sy akan add position lg klu lps 2620. Nmpk kuat juga kan aliran menurun. Anyway, tk atas nasihat tuan.

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  2. W'salam. Tanda2 bearish telah ada pada 3 hari yang lepas. Cuma kekuatannya sj yang kita tak tahu...

    Selamat Maju Jaya

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