BURSA MALASIA FKLI FUTURES TRADING ON 60 MINUTE CHART ON ANDREW PITCHFORK REVIEW FOR 17 AUG 2011
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Malaysia Futures Trading FKLI 60 minute Chart By Tokan Corner :
As the chart based on Andrew Pitchfork show. The FKLI rally fade out when it touched midleline in mini Andrew and upperline on Major Andrew. As on Major Andrew it is going to charge to midline to find support on that level. As we can see the lower line of mini Andrew has being broken and might seek for a current support based on fibo at 1484. Next support is at 1464 and 1454 ( you can see the blue circle rite :p )
Will the rally breakthrough from this downtrend?
Well i have asked this question yesterday and seem the answer is “ NO”
On my thought our market will be in bad condition from today till this Thursday. Just my opinions and no offence ok guys ^_^
Can enter long near the blue line and put stop loss around 3 or 4 point backward .
And can enter short at blue line and put stop loss around 3 or 4 point backward.
Words for today is :
“BUY ON DIP” J
Read more my previous post here :
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