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BURSA MALAYSIA FKLI FUTURES 60 MINUTE ANDREW PITCHFORK REVIEW FOR 16 AUG 2011

Posted by Flora Sawita

Malaysia Futures Trading FKLI 60 minute Chart By Tokan Corner :

Note..this chart is courtesy by Coco a trader dwelling at ZLBTBursatheme.blogspot.com. Thanks Coco :p

 

As  the chart based on Andrew Pitchfork show. The FKLI has rally when it touched lower line in mini Andrew.   As on Mini Andrew it  is going to charge to midline  and charging Upperline on Major Andrew. Will the rally breakthrough from this downtrend? Can enter long near the green line (lower line) and put stop loss around 3 or 4 point backward . And can enter short at upperline line and put stop loss around 3 or 4 point backward.

1500 plateu is crucial rite now..if the major Andrew breakout we might seeing a turning point based on previous Selling point that is at 1523 point area…beware on that point ok guys.

Even thought the market has rebounded the major trend is still on a side way. I can only say 7 word that is …………………. 

 

Fkli_60mins

 

 

 

 

“ Follow The Trend & Sell at resistance”

^_^

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