The CPO market for the past 2 days have shown sign of uncertainty and could be in sideline position. In this aspect, the strategy that could be implemented is to apply the mechanism of contrarian strategy which means sell where you are supposed to buy and vise versa. As usual, this strategy has its own merit and demerit. Sometimes it can happen quite promisingly, on the other hand it can happen on the other way round.Today
In long run, the market is still bearish but the short run, the market now looks like it is in bullish sentiment. So the forecast for today should just be a short one;
1) If the market opens between 2208 to 2222. Buy after the market has moved up passing the levels between 2228 to 2235
2) If the market opens between 2228 to 2239. Sell after the market has dropped a bit and then moved up 5 points above the opening level.
3) If the market opens between 2180 to 2193. Sell after the market has retraced passing down the levels between 2168 to 2174.
4) If the market opens between 2164 to 2174. Sell after the market has moved up a bit and then falls 5 points below the opening level.
5) If the market opens besides the above, it is your call.... I simply has no more ideas, guy
Well, as usual, if you are not sure simply call the MACC ........
P/s.......
8.15am
