Next Target Predictions of FCPO

3 окт.

Trend Indicators:

Moving Averages: The chart appears to use a combination of shorter-term moving averages (possibly 5-period and 10-period moving averages), showing a recent downtrend after hitting the resistance level.
Bollinger Bands: The price has moved outside the upper Bollinger Band earlier, indicating overbought conditions. The bands are still wide, showing increased volatility.
Buy/Sell Signals:

There are multiple "Sell" signals at recent highs, which coincide with the price nearing the resistance levels.
There is a "Buy" signal at a lower level just below 4,240 MYR, indicating the potential for support around this level.
Stochastic Oscillator: The stochastic indicator at the bottom shows the stochastic levels at 80.46 (overbought region), indicating a potential pullback in the near term.

Next Target Predictions:
Immediate Resistance: The price has tested the 4,283 MYR resistance level multiple times, and this will likely be the next key level to break. If the price can break and hold above 4,283 MYR, the next upward target could be around 4,300–4,320 MYR based on historical levels and round-number psychological resistance.

Downward Support Target: If the price fails to break through the 4,283 MYR resistance, it could pull back towards the next support level around 4,240 MYR, with a deeper downside potential to around 4,120 MYR, which is the stronger support shown in the chart.

Conclusion:
Currently, the price is near a key resistance level of 4,283 MYR. If it can break this level, the next target is likely around 4,300 MYR. However, given the overbought signal in the stochastic oscillator, a pullback to around 4,240 MYR or even lower toward 4,120 MYR is also possible in the near term if the resistance holds.