Is CPO Malaysia can Breaout 2022 Resistance?

Soon FCPO1! will test it's long term Resistance (since 2022) at MYR4,500.

The question, can it Breakout now?

Try to look at Monthly Chart and you will see that since 2022, CPO Malaysia has been Up Trending according to SMA60. You can expect the fall from early 2022 up to now is within Technical Correction phase.

And the time is up.

I predict CPO Malaysia will Breakout MYR4,500 soon, help by La Nina potential.
Trend Analysis

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