Monday, August 9, 2010

Tuesday Trading Tip: Correction after Super Bull

Assalamualaikum,

Hi traders,

CPO ended super higher at 2731 with higher volume......breaking a 2010 resistance level. As seen in the daily chart it seems 90 degree rocket towards 2750, but downside correction may develop. CPO will continue upside bias if open > 2720-2731 and close above > 2730. But may downside bias for correction if open < 2700-2710 and close < 2700. Major trend is still upside bias range bound towards 2750-2800. But be extra careful for downside correction. Please take your position nicely.....

Just my 2cents....

Happy Trading.....

Wassalam....

2 comments:

  1. As Salam tuan,

    Kawan ada emel kat tuan. Hrp balas .. nk kongsi2 pengatahuan. Harap tuan sudi

    Zaru

    ReplyDelete
  2. Insyaallah.....Selagi terdaya....

    ReplyDelete