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Tuesday, November 24, 2020

fcpo 23112020

  #fcpo u-turn closes higher from heavy losses. The bull reclaims 5MA after a false break of the bullish gap area and foresee many wild swings like this is coming. 

https://www.facebook.com/DmaWorksblog/




Sunday, November 22, 2020

fcpo 20112020

 #fcpo end lower and lost 5MA. The market could be in correction as bullish momentum is losing and 5MA has broken again. The bullish gap area will be the next defend for the bull.

https://www.facebook.com/DmaWorksblog/






Friday, November 20, 2020

fcpo 19112020

 #fcpo surprise u-turn from a bullish gap up to a loss. There is no easy money for bull nowadays. Although the bullish momentum is losing, the market should be in an upward wild swing until 5 MA support is confirm broken. 

https://www.facebook.com/DmaWorksblog/




Wednesday, November 18, 2020

Tuesday, November 17, 2020

fcpo 16112020

#fcpo end lower as CPO maybe overvalue. I should watch out 5 MA support, failure to defend meaning buyer losing momentum and this will trigger profit-taking.

https://www.facebook.com/DmaWorksblog/






Monday, November 16, 2020

fcpo 13112020

#fcpo have a wild swing last hour ended with a small loss. I still think it should be an upward wild swing until 5 MA support is broken.

https://www.facebook.com/DmaWorksblog/




Friday, November 13, 2020

fcpo 12112020

 #fcpo hit another multi-year high again. Although the market is heavy overbought, it should be an upward wild swing until 5 MA support is broken. 

https://www.facebook.com/DmaWorksblog/




Thursday, November 12, 2020

Wednesday, November 11, 2020

Tuesday, November 10, 2020

fcpo 09112020

 #fcpo closer higher rebound from 5 MA support. Maintain upward wild swing while 5 MA support still valid and watch out for the coming MPOB production data release.

https://www.facebook.com/DmaWorksblog/






Sunday, November 8, 2020

Friday, November 6, 2020

fcpo 05112020

  #fcpo breakout multi-year high in final minutes of trading. It should be an upward wild swing still while 5 MA support still valid.

https://www.facebook.com/DmaWorksblog/





Thursday, November 5, 2020

Wednesday, November 4, 2020

fcpo 03112020

#fcpo gap up strongly from R1 & 10 MA, indicating the bearish engulfing pattern has little use. MA back to bullish formation, expect more upward wild swing coming if the buyer can breakout 3115~3123 level.

https://www.facebook.com/DmaWorksblog/




Tuesday, November 3, 2020

fcpo 02112020

Although #fcpo found support from 10 MA, the short term doesn't look good, the market might wild swing in 5~50 MA for the next direction.

https://www.facebook.com/DmaWorksblog/




Sunday, November 1, 2020

fcpo 30102020

#fcpo close in bearish engulfing, the last occurrence of this pattern causes serious damage to the trend.  Buyer must prove themself by defending R1 and reclaims 5 MA else clearly shows the shift in momentum to the downside.

https://www.facebook.com/DmaWorksblog/