FCPO PALM CRUDE OIL INDEX BURSA MALAYSIA

Bottom reversal pattern has been form on week 03-Oct-2022
Currently FCPO price in sideway range between 3730 (support)- 4500 (resistant)

Trade Strategy: (BUY / CALL)
Once FCPO price break out & goes beyond price 4500 with increasing volume.
TP1: 4990
TP2: 6230
CL: 3730

Risk Ratio Reward - 1 : 2

Fact supporting indicator:
Smart Money Pro bullish Profit-Chip (red bar) continuous increases for 3weeks and crossed over Profit-Chip Moving Average line.


#bursasaham #malaysiastockmarket #fcpo #palmcrude #bursamalaysia #malaysia #bursa
#trendline #trendanalysis #technicalanalysis #chartpattern #trendpattern #uptrend #bullbear
#supportresistance #technicalindicator #indicator #waveanalysis #bottomcatch #reversalsignal

Disclaimer:
This published Idea is solely for the purpose of education and opinion sharing, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.