Monday, February 14, 2011

Monday Trading Tip: Bullish Tone Continue Expected, with pullback


Hi traders,

CPO ended higher on Friday at 3955vl with high volume traded. Seems like bullish momentum very strong towards 4000. CPO may upside bias if open > 3940-3955 and close > 3970. It looks like CPO in bearish tone if below 3900. If open <3915-3900 and close <3900  the bearish tone may take place. If CPO above 3950lvl, the trend may have chance for bullish tone towards 4000. I'm expecting CPO may play 3930-4000 today, but becareful on pullback correction. Pls take your position nicely...
Happy trading & Wassalam...

Just my 2cents

No comments:

Post a Comment