Kakao Analisis teknis | Kakao Jual beli: 2020-11-16 | IFCM Indonesia
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Kakao Analisis teknis - Kakao Jual beli: 2020-11-16

Kakao Technical Analysis Summary

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Kuat JualSellNeutralBuyKuat Beli

Atas 2421

Buy Stop

Bawah 2241

Stop Loss

Mary Wild
Senior Analytical Expert
Artikel 2058
IndicatorSignal
RSI Buy
MACD Sell
MA(200) Neutral
Fractals Neutral
Parabolic SAR Buy
Bollinger Bands Neutral

Kakao Chart Analysis

Kakao Chart Analysis

Kakao Analisis Teknis

On the daily timeframe, Cocoa: D1 approached the downtrend resistance line. It must be broken upward before opening a position. Several technical analysis indicators formed signals for further growth. We do not rule out a bullish move if Cocoa rises above the last upper fractal: 2421. This level can be used as an entry point. We can place a stop loss below the Parabolic signal and the lower fractal: 2241. After opening a pending order, we move the stop loss following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders can switch to the 4-hour chart and set a stop loss, moving it in the direction of the bias. If the price meets the stop loss (2241) without activating the order (2421), it is recommended to delete the order: the market sustains internal changes that have not been taken into account.

Fundamental Analysis Komoditas - Kakao

The increasing cocoa processing volumes may indicate a growth of global demand. Will the Cocoa quotes continue to surge?

The Gepex Association, which unites 6 of the world's largest cocoa processing factories, announced an increase in cocoa beans processing in October 2020 to 49.4 thousand tons. This is 4.2% more than in October 2019. Theoretically, lockdowns in Europe could lead to the growth of chocolate demand. Cocoa processing dropped in Q3. The reduction in sales of cocoa in Ghana may be another positive factor for prices. This October, the beans sales on the Ghana Cocoa Board down by 3.7% compared to October 2019 and amounted to 78 thousand tons. In early November, Côte d'Ivoire reported an 11% decline in cocoa sales by local farmers compared to the same period last year. This could have been the result of political discord following the October 31 presidential elections. The incumbent President of Côte d'Ivoire, Alassane Dramane Ouattara, won the majority of votes, but the opposition challenged his victory.

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