Thursday Trading Tip: A Doji Sign of Warning

Assalamualaikum....

Hi traders,

CPO ended higher today with low volume traded at 2590. The fighting between bulls and bears finally formed a Doji pattern. The sign of warning to traders either a strong downside biased may develop. If CPO open > 2592-2600 and close above 2600, the upside biased may significant. But if open < 2590-2580 and close < 2580, the downside biased may develop for correction. Maybe can go up to 2500 lvl again. However major trend is still upside biased range bound towards 2600-2700. Take your position nicely....

Just my 2cents.....

Wassalam....

Weekly Chart Trend Signal

Assalamualaikum....

Hi traders,

I have discovered Doji candlestick has formed in weekly chart. It seems like CPO may reverse for correction downside biased if  red candlestick develops this week. So becareful.......If this scenario does not happen, CPO may rally to test 2600-2700.

Happy trading

Just my 2cents

Wednesday Trading Tips: Sideway upside biased

Assalamualaikum....

Hi traders,

CPO ended lower today at 2562 lvl with higher volume traded. Its may continue sideway downside biased if open < 2555-2538 and close < 2538. But may upside biased if open > 2565-2575 and close > 2575. I'm expecting CPO may test 2570-2600 tomorrow if overnight S.O & B.O shows positive tone. If CPO breaks 2583 lvl tomorrow, a rally may develop towards 2600. Watchout your poition......Happy Trading

Just my 2cents

Wassalam...

Monday Trading Tip: Sideway

Assalamualaikum....

Hi traders,

CPO ended slightly higher on Friday at 2517, making it another sideways to range bound upside biased. CPO may strongly further upside if can break 2535 level- the further rally may develop. CPO may upside biased on Monday if open > 2530-2540 and close > 2540. But may downside biased for correction if open < 2520-2510 and close < 2505. Overall trend is still in upside biased with sideways. Take your position nicely...

Just my 2cents...

Happy Trading...

Wassalam....