FCPO active month current resistance : 2300 current support : 2250 strong support : 2200-2210 waiting for a breakout this is a trading journal, not recommendation of buying or selling fcpo trading
FKLI - Bullish engulfing candlestick formation, with indicators continue to rally. But resistance is clear at middle BB, this level is crucial to define index next direction.
FKLI Trend: Tech rebound Rst: 1,320 Spp: 1,300/ 1,275 Strong technical rebound which we see 4H candle pierced through middle BB, but unfortunately this may be brought down again next Monday by weaker US and European market last night. Big direction - still pointing to south.
FKLI Trend: Bearish Rst: 1,240 Spp: 1,205 Bearish candle formed below lower BB, still way weak and dominated by bear. Any chance the index rebound, grab the chance to short.
FKLI has fallen over 423 points (16th Apr 2018 - 24th Feb 2020) A bullish bat pattern formed at 1524.00 Currently the price is hover in the PRZ Zone & there is a lower gap between 1515 - 1503. We are waiting for the price moving back upwards and above 1524 then we could looking for a high probability long trade. PRZ: 1524.00 SL: 1421.5 TP1: 1666.00 TP2:...
FKLI Trend: Bearish Rst: 1,500 Spp: 1,468 Technically in recession as our index plunges more than 20% from its peak over extended period of time. Current progress - weekly chart telling the index has arrived Fibo Retracement 61.8%, if it fails to grip its support here, next will be 50%.
FKLI Trend: Tech rebound Rst: 1,552 Spp: 1,535 4-hour chart indicates the index has tendency to cast further technical rebound after the emergence of long bullish engulfing candle plus bullish MACD crossover.
FKLI Trend: Bearish Rst: 1,535 Spp: 1,515 Since our index has fallen like nobody business, we have to turn our view into broader one - weekly chart. This week candle formed at lower BB, means further downside cannot be escaped next week. MACD casting bearish crossover as well, more downside.
FKLI Trend: Semi-bull Rst: MA200 Spp: 1,600 Green candle pushed the index to retest formidable resistance at MA200 again but the challenge hits snag. Require to break through from this level to welcome more upside.
FKLI Trend: Tech rebound Rst: 1,619 Spp: 1,600/ 1,588 Super bullish candle pushed the index to break multiple resistance levels, strength in RSI continues to unleash. Let's apply BB theory again here, candle close above upper BB means more upside can be expected.
FKLI Trend: Bearish Rst: 1,565 Spp: 1,552 Trying to recover above resistance level at 1,565 but hit snag, good thing is RSI slowly recovering northward. But the overall momentum remains sluggish.
FKLI Trend: Bearish Rst: 1,580 Spp: 1,565 Bearishness remains as latest candle is closed below lower BB, and MACD continues to drive lower. No sign of recovery on spot.
FKLI - Attempt to recover above 1,600 hit challenge, pushing the formation of shooting star/ bearish candle, MACD on the verge casting bearish crossover. Downside risk remains.
FKLI - 4H breaks down from Head & Shoulder formation, has latest candle close below lower BB, and well below crucial support at 1,600. Further downside likely to unfold towards 1,586.
FKLI - Strong support observable above 1,600 and 4-hours chart has morning doji formation which is bullish. MACD remains bullish. Chance to reach 1,619 intact.
FKLI - Bullish engulfing candle pushed above upper BB, MACD & RSI continue to stay bullish. Upward momentum persists. Resistance at 1,619