The weekly trend continues to rebound strongly. The MACDH form 8th bar ABOVE zero. Weekly ending at 1587.5. Looking at the trend (MACDH), the market is in profit-taking mode. Hopefully, it is not a bearish reversal.
TKM v1.2 had placed 2 Long entries on the open price at 11th October 2021, 1564. We have not take profit even the market touches our trailing stop at 1580, in fact, we will remain our trailing stop at 1580, this decision is made because the price is still supported by the MA16. On the next touch of 1580, we will liquidate the entry without a second thought.
Order status: Long Oct21 at 1564, Trailing Stop 1580.