Malaysia Futures Trading FKLI 60 minute Chart By Tokan Corner : As the chart and Andrew Pitchfork show. The FKLI has stopped above upperline of Andrew resistance line. Last Friday the trade was stuck “in the box range” between 1564.5 to 1569.5. Now the market are bit curious regarding United State Debt Deal, thus it mean this week will be a crucial week. If the debt plans goes well the market will skyrocket and if not what we fear the “2 Dip Recession” will haunt us. So as an advise better close your position on next Friday if you cannot bear the risk.
Ok lets go back to the chart, any changes will show us some hints on tomorrow Monday. If the markets move above the box it might be a rally again to charge 1575+ -1580. If not get ready for a rollercoaster. :p ( 1550 – 1545 Buy On Dip )
“BUY ON DIP, SELL AT RESISTANCE”
READ MORE PREVIOUS ARTICLE REGARDING NEXT MONDAY TRADING OPINIONS ON 25 JULY 2011
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